The Multifamily Group is pleased to announce the exclusive listing of 2224 Live Oak, a redevelopment opportunity located 65 northeast of Dallas, in Commerce, Texas. The Seller is highly motivated to sell the asset, as-is. The Property is perfectly located to accommodate multifamily dwelling units, with the comparable multifamily across Live Oak Street, Village Creek, currently achieving 99% Occupancy. The Asset consists of two contiguous parcels totaling 7.919 acres, which are within walking distance (0.25 Miles) of the Texas A&M-Commerce University campus. TAMU Commerce has a total undergraduate enrollment of 8,236 and graduate enrollment of 3,836, with nearly 70% of students living in off campus housing. The University has reported a 3% year over year growth rate since 2010 with enrollment projected to grow to 13,479 by 2025. 2224 Live Oak is zoned General Business and can accommodate up to 229 apartment units. The site is a former eight building apartment complex and the existing improvements consist of six obsolete buildings (two have already been demolished) that will be delivered vacant and as-is. There is known asbestos in the current structures which will need to be abated.