$2,189,500

Apartment In Plano

  • 24 Beds
  • 24 Baths
  • 12,300 Sqft
  • 32,670 Sqft lot
  • Updated: July 8
  • 3
    Views for last 30 days
  • Source:
    North Texas Real Estate Information Systems (NTREIS)  MLS#21283739

About the Property

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 compa
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.
  • Property type

    Apartment

  • Year built

    1970

  • Price/sqft

    $178

Explore the Area

1509 F. Avenue 12, Plano, Texas, United States View on Google Maps
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Central Metro Realty - Austin

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Central Metro Realty - Austin
Texas, United States
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Central Metro Realty - Austin
Austin, Texas, United States
View agency profile
Last updated
July 8
First listed
May 29
Listing reference
21283739
Listing status
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