REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Anitra Mayweather

anitra@nitrarealty.com +1(214) 316-1181

$ 3,700,000

Est. payment | -/mo

32 Beds

32 Baths

1.92 Acres Lot

Save Virtual Tour

$ 3,700,000

Est. payment | -/mo

Save Virtual Tour

32 Beds

32 Baths

1.92 Acres Lot

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID 21373678

Bedrooms 32

Full Baths 32

HOA Y/N None

Total Fin. Sqft 21790

Year Built 2010

Annual Tax Amount $39,781

Lot Size 1.916 Acres

Acres 1.916

Property Sub-Type Apartment

Property Description

Located in Center, TX, Town Square presents an opportunity to acquire a stabilized, mixed-use investment featuring 24 units consisting of one- and two-bed floorplans alongside 4 commercial office spaces in a modern development completed in 2011. Purpose built to serve both long-term residents and corporate housing demand, most units come fully furnished, and all are equipped with in-unit washers and dryers and internet, offering a true turnkey living experience. With an ideal location walking distance to downtown, Town Square benefits from Shelby County's various economic drivers including energy, manufacturing and government employment. Additionally, the commercial component provides diversified income with existing tenancy and additional leasing upside. With newer construction, minimal anticipated capital expenditures, a diversified revenue stream, and one of the few professionally managed market-rate apartment communities in the area, Town Square offers investors a combination of stable in-place cash flow and long-term value creation opportunities. Investors can boost NOI by leasing out two vacant office spaces. Owners spent $75k finishing them out, complete with HVAC, electric, plumbing, kitchen, bathrooms, and individual offices. Asking lease rates will be $2,200 for the larger space and $1,700 for the smaller unit, bringing annual gross potential to $46,800. Other value add opportunities include capturing a rent premium through thoughtfully appointed, furnished residences while leveraging flexible lease terms to capitalize demand from corporate and short-term users.

Location

State TX

County Shelby

Direction Google maps

Interior

Interior Features Cable TV Available, High Speed Internet Available

Heating Central, Electric

Cooling Ceiling Fan(s), Central Air, Electric

Flooring Vinyl

Appliance Dishwasher, Disposal, Dryer, Electric Range, Microwave, Washer

Heat Source Central, Electric

Exterior

Utilities Available City Sewer, City Water

Roof Type Composition

Garage No

Building

Story Two

Foundation Slab

Level or Stories Two

Structure Type Fiber Cement,Siding,Stone Veneer,Wood

Schools

Elementary Schools Center

Middle Schools Center

High Schools Center

School District Center Isd

Others

Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21373678

North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)

Listed by Esther Cho • GSFREA LLC

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(214) 316-1181

anitra@nitrarealty.com

Irving, TX 75039, USA

403 Nacogdoches Street Center, TX 75935

Anitra Mayweather

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby Locations

GET MORE INFORMATION

Go tour this home

403 Nacogdoches Street