The Duncanville Duplexes

Acquired May 2025

2.1M Purchase Price

750,000 Equity Raised

The Asset Story

We bought these 8 duplexes because we knew them better than almost anyone. Years earlier, we had managed several of these same buildings, owned identical duplexes just down the street, and even lived on Fouts Street ourselves during high school. It was a pocket we understood deeply, with a familiarity that only comes from time spent owning, managing, and living in the area.

The portfolio consisted of eight duplexes on Fouts Street and three more about a mile away on Skyline Drive. While the neighborhood was more Class C, we believed strongly in this specific pocket of Duncanville and saw opportunity where others saw fatigue. The properties had been passively managed for years and were clearly tired; exteriors needed attention, deferred maintenance had stacked up, and interiors lacked any sense of modernization. We had the team, experience, and capacity to execute a full turnaround on the asset.

With tenants on month-to-month leases and rents lagging the market, we saw the opportunity to reset operations, raising rents toward market while remaining fair, improving quality of life through renovations, exterior paint, landscaping, and consistent hands-on management. We planned to bring structure, care, and a clear strategy to an asset that had gone too long without them, and transformed a neglected street into a place residents could take pride in calling home.

Value Add Strategy

Modernizing properties inside and out

Addressing deferred maintenance to improve tenant experience and support long-term ownership

Bringing rents closer to market while adding premium upgrades to drive overall revenue growth

Why This Acquisition

 

Strong cash basis supporting a 12% preferred return and an early cash-out refinance

Flexible local-bank financing with construction funding

Targeted improvements driving meaningful rent growth and value creation