BEDS24
BATHS12 full 12 partial
SQUARE FEET12,300
MLS#21283739
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONHOOD - MILLER
SCHOOLPlano ISD
Property Description
EXECUTIVE SUMMARYThis 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 Features
Property Type: Multi Unit - Multiple
Cooling: Ceiling Fan(s), Central Air, Electric
Heating: Electric
Lot Size: 0.75 Acres
Roof Type: Flat, Tar/Gravel
Year Built: 1970
Amenities
Eat-in Kitchen
Other
Feature Descriptions
Accessibility: Accessible Bath - Full, Accessible Bedroom
Appliances: Electric Cooktop, Refrigerator
Community Features: Other
Days on Site: 3
Exterior: Brick
Fencing: Wood
Fireplace: None
Flooring: Ceramic Tile, Laminate
Parcel#: R022000A00701
Parking: Asphalt, Assigned
Parking Notes: Asphalt, Assigned
Patio/Porch: Other
Security: Other
Units: 12
Utilities: City Sewer, City Water, Electricity Connected, Master Water Meter
Window: Window Coverings
Local Schools
Elementary School: Mendenhall
School District: Plano ISD
Listed By / Shown By
Listed By
Agency Name: Central Metro Realty
Agency Contact: 214-418-4335
Agent Name: Nathan Malka
Shown By
Agency Title: Kelly, Realtors
Agency Phone: (254) 741-1500
Agency Email: info@kellyrealtors.com
Agency Text: (254) 717-6447
Estimate Your Payment
Estimated Payment
$ 5,661.26 per month $5,005.30 Principal & Interest $0.00 Property Tax (data not provided by mls) $655.96 Homeowner's Insurance
1509 F. Avenue, Unit 12 | MLS# 21283739
This multi-family property located at 1509 F. Avenue, Unit 12, Plano, TX 75074 is currently listed for sale with an asking price of $2,249,000. F. Avenue, Unit 12 is located within the Plano ISD school district. Search Plano real estate on www.kellylandandranch.com today.