Description

Mountain Valley Apartments is a well-maintained asset located in
Dallas, Texas with easy accessibility to Loop 12, which intersects several
major Dallas area highways.

Mountain Valley features two-story buildings under pitched
composition shingle roofs. The property is constructed of wood
framing and slab foundation and has 312 units. The rentable square
footage is 302,300 square feet, making the average unit size a very
spacious 969 square feet, while the total land area of the property is
approximately 17.3 acres. The property uses a single-pipe chiller
system and has recently had a new boiler installed. Amenities include
on-site management, a basketball court and nearby park, a conveniently
located laundry facility and easy access to Loop 12. Unit amenities
include mini-blinds, walk-in closets, a frost-free refrigerator and a large
floor plan, among others.

Mountain Valley is under application for extensive DOE weatherization
funds and 64 units are under a ten-year City of Dallas HAP contract.
The owner has recently installed a new boiler and created new
landscaping. All of the roofs and gutters have been replaced this year.

Dallas, with a population of 1.2 million, is the third-largest city in Texas and the eighth-largest in the United States. The city is the primary economic center of the 12-county Dallas Fort Worth Arlington metropolitan area that, according to the March 2009 U.S. Census Bureau release, had a population of 6.3 million as of July 2008. The metropolitan area is the fourth-largest metropolitan area in the United States. Dallas is rated as a beta world city by the Globalization and World Cities Study Group & Network.

Founded in 1841 and formally incorporated as a city in February, 1856, the city's economy is primarily based on banking, commerce, telecommunications, computer technology, energy, and transportation; only New York City and Houston are home to more Fortune 500 headquarters in the city limits. Located in north Texas and a major city in the American south/southwest, Dallas is the core of the largest inland metropolitan area in the United States that lacks any navigable link to the sea.