214-692-1100
1000 Mary Dr, Iowa Park, TX for Sale
Apartments - FOR SALE
1/62
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1000 Mary Dr
Iowa Park, TX 76367


HIGHLIGHTS

  • Less than 15 minutes from Wichita Falls, a dynamic economic hub with a diversified business climate.
  • Major employers include Arconic, Pratt & Whitney, Sealed Air, and Amazon’s new $20M distribution center.
  • Sheppard AFB generates over $3 billion in annual economic impact.
  • Robust transportation infrastructure and business-friendly environment.

OVERVIEW

*REACH OUT TO BROKER FOR MORE INFORMATION* 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.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

72

CAP RATE

Request Cap Rate

% LEASED

99%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1000 Mary Apartment Homes

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5.14 AC

LAND SF

223,898 SF

ZONING

MF

APN/PARCEL ID

114019

ASK ABOUT THIS PROPERTY

John ParducciColliersMore Info
214-692-1100

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John ParducciColliersMore Info
214-692-1100

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