1509 F Ave Unit 12, Plano, TX 75074
- $2,189,500
- 24
- BD
- 24
- BA
- 12,300
- SqFt
- List Price
- $2,189,500
- Price Change
- ▼ $59,500 1783484175
- MLS#
- 21283739
- Status
- ACTIVE
- Type
- Condo
- Subtype
- ResidentialIncome
- Year Built
- 1970
- Construction Status
- Preowned
- Bedrooms
- 24
- Full Baths
- 12
- Half Baths
- 12
- Acres
- 0.75
- Living Area
- 12,300
- County
- Collin
- City
- Plano
- Subdivision
- HOOD - MILLER
- Building Name
- No Name
Property 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.
Additional Information
- Amenities
- Fireplace
- Lot Size
- 32,670
- Acres
- 0.75
- Interior Features
- Eat-In Kitchen
- Flooring
- Tile, Laminate
- Foundation
- Slab
- Roof
- Flat, Tar/Gravel
- Stories
- 1
- Pool Features
- None
- Fireplace Type
- None
- Exterior
- Other
- Parking Garage
- Assigned, Asphalt
- School District
- Plano Isd
- Elementary School
- Mendenhall
- Middle School
- Bowman
- High School
- Williams
- Possession
- CloseOfEscrow
- Community Features
- Other
Mortgage Calculator
Listing courtesy of Nathan Malka from Central Metro Realty. Contact: 214-418-4335