LENOX MAPLEWOOD PHASE 1 is a 287-unit, four-story mid-rise apartment community completed in 2020 with wood-frame construction and brick exterior, yielding 240.0K SF of leasable area across 314.3K SF gross. The property carries excellent quality and condition ratings with a walk score of 72 in Dallas, suggesting moderate transit accessibility. Parking configuration and detailed amenity/utility information are not available in current records.

The 1-mile submarket is a workforce renter concentration with affordability stress; the property operates in a structurally different market than its broader 3- and 5-mile rings. The immediate 1-mile radius shows 82.7% renter occupancy and a 30.0% affordability ratio against a $63.5K median household income—signaling either below-market rent positioning or income-constrained tenancy. Income distribution skews lower here (36.2% earn under $50K) compared to the 3-mile ring (23.7%), which tilts affluent with 31.3% above $150K. This bifurcation suggests LENOX MAPLEWOOD Phase 1 either anchors a gentrifying urban core or serves as workforce housing; without rent data, the 30-point affordability ratio flags either deep value or elevated tenant turnover risk. Population density and household concentration (21.6K people, 12.2K households in 1 mile) indicate strong demand depth, but the income-to-affordability gap demands clarification on actual rents and unit positioning before deployment capital.

Unit Mix Analysis: LENOX MAPLEWOOD PHASE 1

The unit mix data is incomplete and unusable for meaningful analysis. The reported counts (studio: 1, one-bed: 3, two-bed: 2, three-bed+: 0) total only 6 units against a stated 287-unit property, indicating a data collection or input error rather than reflecting actual composition. Without complete unit counts, rent ladders by bedroom type, or occupancy details, we cannot assess concentration risk, demographic alignment, or market positioning. Request corrected unit mix and rental rate schedule before proceeding with investment underwriting.

Appraisal History & Valuation:

The property carries a single 2025 appraisal of $59.0M ($205.6K/unit), up 5.4% year-over-year, indicating stable market positioning in a recent-vintage asset (2020 delivery). Land represents only 13.1% of total value ($7.7M), which is typical for a newer Class A product but leaves minimal redevelopment optionality—any value creation must come from operational improvement or market expansion rather than land play. The lack of historical appraisal data limits trend analysis, but the modest annual appreciation suggests the property is performing at or near market expectations for a stabilized Dallas multifamily asset without material distress signals.