Description
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. *** Please review and follow instruction in submitting an offer TransactionDesk
Details
| MLS # | 21283739 |
|---|---|
| Listing Type | For Sale |
| Style | Duplex |
| Sub-Type | Resale |
| Status | Active |
| Year | 1970 |
| Days On Site | 88 |
| Listing Provided By | Central Metro Realty | Nathan Malka |
Features
| Bed(s) | 24 |
|---|---|
| Bath(s) | 24 Total |
| SQ Feet | 12,300 |
| Story(s) | 1 |
| Units | 1 |
| Building(s) | 3 |
| Acreage | 0.75 |
Interior
| Cooling | Ceiling Fan(s), Central Air, Electric |
|---|---|
| Heating | Electric |
| Interior Features | Eat-in Kitchen |
| Window Features | Window Coverings |
| Appliances | Electric Cooktop, Refrigerator |
| Fireplace Features | None |
Exterior
| Exterior Features | Other |
|---|---|
| Roof | Flat, Tar/Gravel |
| Security Features | Other |
| Construction Materials | Brick |
| Foundation Details | Slab |
Parking
| Parking Features | Asphalt, Assigned |
|---|
Utilities
| Utilities | City Sewer, City Water, Electricity Connected, Master Water Meter |
|---|
Location
| Community Features | Other |
|---|
Taxes
| Tax Lot | 7B 10 |
|---|---|
| Tax Block | A |
| Tax Legal Description | HOOD - MILLER, BLK A, LOT 7B & 10; EAST PT OF LOTS |
Area Information
| State | TX |
|---|---|
| County | Collin |
| City | Plano |
| Zip Code | 75074 |
| Area | Collin |
| Community Name | HOOD MILLER |
| School District | Plano ISD |
| Elementary School | Mendenhall |
| High School | Williams |
| Listing VS Median (in HOOD MILLER) | |
Price: $1,975,000 low | high Med: $1,975,000 sqft: 12,300 low | high Med: 12,300 $ / sqft: $161 low | high Med: $161 On site: 88 low | high Med: 88 | |
Market Activity 75074
Request a showing
Request a showing
Contact
Learn More About This Property
| State | TX |
|---|---|
| County | Collin |
| City | Plano |
| Zip Code | 75074 |
| Area | Collin |
| Community Name | HOOD MILLER |
| School District | Plano ISD |
| Elementary School | Mendenhall |
| High School | Williams |
| Listing VS Median (in HOOD MILLER) | |
Price: $1,975,000 low | high Med: $1,975,000 sqft: 12,300 low | high Med: 12,300 $ / sqft: $161 low | high Med: $161 On site: 88 low | high Med: 88 | |