u/AccidentBig1519

Apartment Homes
📍 1030 Dallas Dr, Denton, TX 76205

💰 Asking Price: $9,800,000 + 3% Fee

PROPERTY OVERVIEW

✅ 122 Units
✅ 90% Occupied
✅ 11 Acres
✅ Built in 1985
✅ 3 Buildings
✅ Located 1 Hour North of Dallas

UNIT MIX

• (54) 1 Bed / 1 Bath
• (60) 2 Bed / 1 Bath
• (8) 3 Bed / 2 Bath

FINANCIALS

📈 Current NOI: $761,617
📊 Strong Cash Flow
📍 High-Growth Denton Market

VALUE-ADD HIGHLIGHTS

✔️ Updated Clubhouse
✔️ Updated Fitness Center
✔️ Multiple Swimming Pools
✔️ Strong Occupancy
✔️ Future Rent Growth Potential
✔️ Proximity to University of North Texas & Texas Woman's University
✔️ Easy Access to I-35, Shopping, Dining & Entertainment

WHY INVESTORS LIKE THIS DEAL

🔥 Proven Cash Flow
🔥 Large 11-Acre Site
🔥 Strong Student & Workforce Housing Demand
🔥 Established Asset in a Growing North Texas Market

📄 NDA & Proof of Funds May Be Required Prior to Release of Additional Information.

📌 ACTIVE BUYER – DFW / TX / FL / OK
🏡 Residential / Single-FamilyAreas:• Anywhere in the DFW Metroplex• Preferred: Garland, Plano, McKinney, Richardson, North Dallas
Buy Box:• ARV: $300K–$1M• Purchase Price: $150K–$1M• Rehab: $20K+• Max Offer: 78% of ARV minus rehab or better• Any bed/bath configuration• Pools are OK• Off-market preferred
🏢 Commercial / Multi-FamilyAreas:• DFW preferred• Will also consider opportunities throughout Texas, Florida, and Oklahoma
Commercial Criteria:• 8%+ Cap Rate in major metros• 10.5%+ Cap Rate if 40+ minutes outside a major metro
Multi-Family Buy Box:• Up to 30 units• Purchase Price: Up to $6M• Class B & C only• Value-add opportunities only• Must include current T-12 and Rent Roll
🚐 RV / Mobile Home Parks• 50%+ Occupancy• Purchase Price: Up to $4M
📩 If you have anything that fits, send me the address, asking price, rehab estimate (if applicable), ARV, photos, and any supporting docs (T-12/Rent Roll for multifamily). Off-market deals preferred.