1509 F. Ave unit12 is listed for sale at $ 2,249,000. The Multi-Family - 5 Plus property has 24 bedrooms, 12 Full Bathrooms, 12 Half Bathrooms, 12300 square feet and was built in 1970. The lot size is 0.75 Acres. BREXECUTIVE 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.
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.
MLS#
NTREIS-21283739
List Price
$2,249,000 ($183/Sqft.)
Listing Status
For Sale
Address
1509 F. Ave #12
Unit No.
12
City
Plano
State
TX
Zip Code
75074
County
Collin County
Subdivision
HOOD - MILLER
Legal Description
HOOD - MILLER, BLK A, LOT 7B & 10; EAST PT OF LOTS
Disclaimer: Lot configuration and dimensions are estimates, not based on personal knowledge and come from a third party (Digital Map Products); therefore, you should not rely on the estimates and perform independent confirmation as to their accuracy
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School information is computer generated and may not be accurate or current. Buyer must independently verify and confirm enrollment. Please contact the school district to determine the schools to which this property is zoned.