175 Private Road 3459 - Apartments FOR SALE


Paradise, TX 76073
$3,000,000 USD
817-703-4653
175 Private Road 3459, Paradise, TX for Sale
$3,000,000 USD
Apartments - FOR SALE
1/15
null | 5.68% Cap Rate

175 Private Road 3459
Paradise, TX 76073


HIGHLIGHTS

  • Eight duplex buildings provide established rental income.
  • Approximately 7.5 acres remain available for future development.
  • Located along State Highway 114 in Wise County.
  • Approximately six miles southwest of Decatur.
  • Two-bedroom, two-bathroom units include carports.
  • Offered at $3,000,000 with a stated 5.68% cap rate.

OVERVIEW

Paradise Duplexes presents an opportunity to acquire an income-producing multifamily asset in Wise County, Texas. The property consists of 15 total acres and includes eight duplex buildings containing two-bedroom, two-bathroom units with carports. The offering combines existing rental income with future development potential through approximately 7.5 acres of remaining land available for additional improvements or expansion, subject to applicable approvals. Located along State Highway 114, the property benefits from regional connectivity to the Dallas-Fort Worth Metroplex while maintaining a position within the growing Wise County market. Paradise is situated approximately six miles southwest of Decatur, providing access to retail, dining, healthcare services, and employment centers that support residential demand. The combination of existing multifamily operations and undeveloped acreage offers investors multiple avenues for value creation, including continued rental operations, future development, or a phased investment strategy. The offering is being marketed at $3,000,000 with a stated cap rate of 5.68%. Historical occupancy has been reported as strong, supporting the property's established rental profile. The existing unit mix, acreage position, highway access, and development potential create a diversified investment opportunity within a market that provides access to both local demand drivers and the broader Dallas-Fort Worth region.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$96 USD /SF

# OF UNITS

16

PRICE/UNIT

$187,500

CAP RATE

5.68%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

PARKING SPACES

43

LAND DETAILS

LAND ACRES

15.04 AC

LAND SF

655,142 SF

ZONING

Multi Family

APN/PARCEL ID

R0720000301

ASK ABOUT THIS PROPERTY

Brandon ScottSlate Real Estate Co.More Info
817-703-4653

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Brandon ScottSlate Real Estate Co.More Info
817-703-4653

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