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Colliers is pleased to present an exclusive opportunity to acquire 1000 Mary Apartments, a 72-unit multifamily asset located in the growing community of Iowa Park, Texas. This stabilized property offers investors a compelling blend of lifestyle appeal, commuter convenience, and proximity to major employment centers.
Strategically positioned just off US Highway 287, 1000 Mary Apartments enjoys traffic exposures exceeding 20,000 vehicles per day, and provides residents with direct access to Wichita Falls, one of North Texas’ key economic hubs. The property is ideally suited for renters seeking a quiet residential lifestyle with the benefit of a short commute to major MSA employers, including Sheppard Air Force Base, United Regional Health Care System, Vitro Architectural Glass, Sealed Air, and Midwestern State University.
Built in 1980 and professionally managed, 1000 Mary enjoys a history of proactive upkeep and renovations. The community features a mix of spacious one-, two-, and three-bedroom units and offers desirable amenities including a swimming pool, clubhouse, bark park with agility course, children’s playground, and covered grilling area. Assigned covered parking is also available on a first-come, first-served basis (premium @ $40 per month). Select units feature black appliance packages with built-in microwaves, upscale finishes, hardware, and fixtures, and LVT plank flooring throughout.
With a limited competitive set in the immediate area, 1000 Mary currently posts top-of-market rents and enjoys a history of high occupancy, making it an attractive investment in a market with limited multifamily competition and growing demand.