1509 F. Ave |
|
| Price: | $2,189,500 |
| Property Type: | multi-family |
| MLS #: | 21283739 |
| 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. | |
| Area: | Collin |
| Year Built: | 1970 |
| Bedrooms: | None |
| Bathrooms: | None |
| Acres: | 0 |
| Virtual Tour: | Click here to view |
| Construction Materials : | Brick |
| Fireplace Features : | None |
| Heating : | Electric |
Courtesy: Nathan Malka • Central Metro Realty • 
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This content last refreshed on 07/22/2026 07:15 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
