Property
Beds
24
Full Baths
12
1/2 Baths
12
Year Built
1970
Sq.Footage
12,300
EXECUTIVE SUMMARY 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.
Features & Amenities
Interior
-
Other Interior Features
Eat-in Kitchen
-
Total Bedrooms
24
-
Bathrooms
12
-
1/2 Bathrooms
12
-
Cooling YN
YES
-
Cooling
Ceiling Fan(s), Central Air, Electric
-
Heating YN
YES
-
Heating
Electric
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Brick
-
Other Exterior Features
Other
-
Parking
Asphalt, Assigned
-
Patio and Porch Features
Other
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.75
-
Lot Size(square feet)
32670.0
-
Property Type
Residential Income
-
Property Sub Type
Apartment
Price
-
Sales Price
$2,249,000
-
Sq. Footage
12, 300
-
Price/SqFt
$182
HOA
-
Association
No
School District
-
Elementary School
Mendenhall
-
Middle School
Bowman
-
High School
Williams
Property Features
-
Accessibility Features
Accessible Bedroom
-
Foundation Details
Slab
-
Senior Community YN
NO
-
Sewer
Public Sewer
-
Tax Lot
7B 10
-
Water Source
Public
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Location
County
Collin
Elementary School
Mendenhall
Middle School
Bowman
High School
Williams
Listing Courtesy of Nathan Malka , Central Metro Realty
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AGENT
Joe Boston
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