Real estate is a reliable way to make extra income and earn a return on your initial investment, but your choice in neighborhoods will have a massive impact on your success. Different cities and regions offer different perks for your investment, such as more attractiveness to incoming tenants and a greater potential for appreciation, but you’ll need to consider the advantages and disadvantages carefully before you make a purchasing decision.
One of the most interesting opportunities for real estate investment is in apartments or housing near college campuses. Near-college real estate can be a potentially lucrative investment—so long as you know what you’re getting into. Using a location-specific search site (such as Gator Rentals for Gainesville or Smart City Living for Dallas or Austin) can help you get a feel for the pricing and accommodations of your specific area, but the advantages and disadvantages of near-college real estate are somewhat universal.
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The 53 acre opportunity is located central to the nucleus of DFW, the Dallas/Fort Worth International Airport. The close proximity to the airport and unrivaled accessibility make the site a prime location for a number of developments. Highway 183 and Highway 161, two of the most traveled in DFW, create straight shot travel routes all over DFW for commuters and distributors alike. Currently zoned for industrial and office uses, the site is well positioned to support distribution, office, and other commercial development.
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The property is surrounded by beautiful new single family homes, several significant medical developments, a Kroger Signature grocery store, Starbucks, four new bank branches and nine public schools within a two mile radius. Less than three miles to the west is the intersection of the Dallas North Tollway and Highway 121 with one of the largest concentrations of retail and office space in North Texas.