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Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 12,300 sqft
Price per Sqft $182
Subdivision Hood - Miller
MLS Listing ID 21283739
Bedrooms 24
Full Baths 12
Half Baths 12
HOA Y/N No
Year Built 1970
Lot Size 0.750 Acres
Acres 0.75
Property Sub-Type Apartment
Property Description
This offering presents the acquisition of a well-located 12-unit multifamily property in Downtown Plano, one of the most active and supply-constrained submarkets in North Texas.
The asset provides stable in-place income supported by long-term tenancy (5+ year average stay), combined with a clear and achievable rent growth strategy. Current rents are below market for comparable unit sizes, creating an immediate opportunity to increase revenue through gradual repositioning and operational improvements.
The property has undergone key capital improvements, including roof replacement, upgraded flooring, energy-efficient windows, and parking lot enhancements, significantly reducing near-term capital expenditure risk.
At an attractive investment positioned below replacement cost in a high-demand location with strong fundamentals, including walkability, public transit access, and proximity to major employment centers.
Location
State TX
County Collin
Community Other
Direction North on 75 Expressway turn right on 15th street and left on F. Ave
Interior
Interior Features Eat-in Kitchen
Heating Electric
Cooling Central Air, Ceiling Fan(s), Electric
Flooring Ceramic Tile, Laminate
Fireplaces Type None
Fireplace No
Window Features Window Coverings
Appliance Electric Cooktop, Refrigerator
Exterior
Exterior Feature Other
Parking Features Assigned, Asphalt
Fence Wood
Pool None
Community Features Other
Utilities Available Electricity Connected, Sewer Available, Water Available
Water Access Desc Public
Roof Type Flat,Tar/Gravel
Accessibility Accessible Full Bath, Accessible Bedroom
Porch Other
Total Parking Spaces 16
Private Pool No
Building
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories One
Schools
Elementary Schools Mendenhall
Middle Schools Bowman
High Schools Williams
School District Plano Isd
Others
Senior Community No
Tax ID R022000A00701
Security Features Other
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21283739
Nearby Locations
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