167 Blue Bird Ln - Apartments FOR SALE


Mineola, TX 75773
$6,950,000 USD
903-360-5813
167 Blue Bird Ln, Mineola, TX for Sale
$6,950,000 USD
Apartments - FOR SALE
1/44
null | 6.18% Cap Rate

167 Blue Bird Ln
Mineola, TX 75773


HIGHLIGHTS

  • Indivdual metered for electric
  • 2 Existing buildings with 24 units each
  • Opportunity to add 4 more buildings

OVERVIEW

Located in the desirable and picturesque town of Mineola, Texas, this luxury apartment complex offers a rare opportunity to own an elegant and sophisticated investment property. Designed with high-end finishes and modern amenities, this complex provides an unparalleled living experience, making it an ideal residence for tenants seeking both comfort and style. The property includes Phase 1: two new, three-story apartment buildings, each with 24 spacious units. (48 total). Each apartment is designed with premium features and open floor plans, ensuring a lifestyle of ease and relaxation. Tenants benefit from individually metered electricity, while a RUBS system, managed by Think Utility, is in place for water billing. With room to expand, the complex offers the potential to complete construction and add up to four additional buildings, providing significant growth opportunities for the investor. The infrastructure is already completed for the 4 new buildings. Residents also enjoy access to a 2,000 sq. ft. state-of-the-art clubhouse and office space, which includes a fully equipped gym, an outdoor kitchen perfect for social gatherings, and a fenced-in dog park for pets to enjoy. This property combines modern luxury, ample expansion potential, and a prime location, making it an excellent choice for investors looking to add a premium multifamily asset to their portfolio. Key Features: 2 existing buildings with 24 units each Potential to add up to 4 more buildings Individually metered for electricity RUBS system for water billing (via Think Utility) 1,292 sq. ft. clubhouse with office, gym, outdoor kitchen, and dog park Elegant design and high-end finishes throughout Prime location in Mineola, Texas Contact us today for more information or to schedule a private showing!

FOR SALE DETAILS

PRICE

$6,950,000 USD

PRICE/SF

$174 USD /SF

# OF UNITS

48

PRICE/UNIT

$144,792

CAP RATE

6.18%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

One Park Place Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2024

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Hannah TavennerNWP Property ManagementMore Info
903-360-5813

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Hannah TavennerNWP Property ManagementMore Info
903-360-5813

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.