1509 F. Avenue APT 12, Plano, Texas, United States, 75074

1,975,000
Contingent
24
24
32,670

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 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
Property Type:
Apartment
Status:
Contingent
House Style:
Other
Bedrooms:
24
Bathrooms:
24
Full Bathrooms:
12
Half Bathrooms:
12
Square Feet:
12300
Directions:
North on 75 Expressway turn right on 15th street and left on F. Ave
School District:
Plano ISD
Is Art:
Yes
Is Apartment:
Yes
Is I C I:
Yes
Is Investment:
Yes
Is Market:
Yes
Is Media:
Yes
Is Other:
Yes
Is Parking:
Yes
Is Pub:
Yes
Is School:
Yes
Is Unit:
Yes
Listing ID:
21283739

Rooms

Dimensions

Brokered by:
Central Metro Realty Llc
Presented By:

Rita Vera

Sales Representative

Central Metro Realty LLC