PRICE REDUCED TO $1,250,000
FULLY ENTITLED BTR CONSTRUCTION PROJECT — 62 UNITS | DALLAS, TX
This is a land sale — fully entitled and ready to construct.
Maitri Partners, LLC is offering a 2.687-acre parcel at 7515 Chaucer Place, Dallas, TX 75237, fully approved by the City of Dallas for a 62-unit Build-to-Rent condominium community in the Wolf Creek submarket of Southwest Dallas. The $1,250,000 asking price — reduced from $1,500,000 — includes all completed pre-development work. The owners have completed the full pre-development cycle but do not have the construction bandwidth to execute the vertical phase. For a qualified buyer, the path forward is simple: acquire and mobilize. Zero entitlement risk. No soft cost exposure.
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PROPERTY HIGHLIGHTS
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— 2.687 Acres | 62 Units Approved | MF-2(A) Zoning | City of Dallas
— Unit Type: 2 Bed / 2 Bath | Avg. ~1,385 SF | 2-Car Garage + Concrete Driveway per unit
— Premium Finishes: Quartz countertops, modern appliances, energy-efficient fixtures
— Est. Total Development Cost: $14M–$15M (excluding land)
— Target Rent: ~$2,000/month | DFW Market Median: $2,600/month
— Exit Strategy: Unit sales or bulk sale to Multifamily REIT (1–5 year horizon)
— Site may be in a Qualified Census Tract (QCT) — verify independently for LIHTC eligibility
— Buyer may replan or pursue an alternative development strategy
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WHAT IS INCLUDED IN THE SALE
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— Full architectural plans (Design Balance, Inc.), civil plans, SWPPP, recorded plat
— MEP drawings and CAD files
— City of Dallas-approved vertical and horizontal entitlements
— Permits ready to pull — estimated fees under $8,000
— Water (8-inch main) and sewer (6-inch main) available to site
— GC (Fortex Construction, LLC) has reviewed plans and is ready to mobilize
— Financial pro forma and investor deck available upon request
— No soil report or as-built appraisal completed — buyers should commission independently
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LOCATION & CONNECTIVITY
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— Northeast of I-20 / Hwy 67 interchange | ~2-minute drive to both highways
— 191,000 CPD on I-20 | 104,000 CPD on US-67
— ~15-minute drive to Downtown Dallas (10 miles)
— Direct access to I-35E | Under 1 hour to Fort Worth, Arlington, and Irving
— Employment hubs within 20–30 min: Dallas, Duncanville, DeSoto, Cedar Hill, Fort Worth
— Nearby: Shops at RedBird, Danieldale Park (19 acres), Dallas ISD schools
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MARKET FUNDAMENTALS
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DFW Metro: #1 in U.S. job creation | 4th largest metro | 23 Fortune 500 HQs | 0% income tax | Ranked #1 Best State for Business 19 consecutive years
South Dallas Submarket:
— 23% population increase with limited modern residential inventory
— Submarket occupancy above 93% | 10%+ rent growth in Southeast Dallas
— Target rent 23% below market median — strong absorption buffer
— Dallas Housing Authority active — stable, long-term renter base
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PROJECT TEAM
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— Owner: Maitri Partners, LLC
— GC: Fortex Construction, LLC | 16345 FM 455, Celina, TX 75009
— Architect: Design Balance, Inc. | 2701 Sunset Ridge Dr., Suite 602, Rockwall, TX 75032
Contact: Bobby Rana | 214-777-2288 | Owner: Maitri Partners, LLC
Bobby Rana
Vibhu Bobby Rana
