806-543-5980
300 State Highway 78 S, Farmersville, TX for Sale
Manufactured Housing/Mobile Housing - FOR SALE
1/9
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300 State Highway 78 S
Farmersville, TX 75442


HIGHLIGHTS

  • $2.5MM+ in Operational Value Enhancement
  • Roofs & Stairwells Replaced Within the Last Year
  • Same Owner for Over 35 Years
  • Located Just Off Highway-78 & US-380
  • $83,000+ Median Area Income in a 5-Mile Radius*
  • Collin County - One of the Fastest-Growing Counties in Texas, Adding Almost 100 New Residents Every Day

OVERVIEW

The Multifamily Group is pleased to present the exclusive offering of Crossroad Terrace, a unique, value-add opportunity in Farmersville, Texas. Constructed in 1985, the property consists of 36 units averaging 699 square feet. The property features one- and two-bedroom floor plans and is currently 78% occupied, compared to a strong submarket occupancy of 91%. Crossroad Terrace is being offered free and clear of any existing debt. Value-Add: - Renovate the interiors of all of the units. - Repair seven units that need a heavy lift ($7,500/unit in estimated repairs). - Implement RUBS for water. - Add washer and dryer hookups to each unit. See pages 9-10 for a full analysis. Location: Crossroad Terrace is located in the growing community of Farmersville, Texas, offering a small-town atmosphere with convenient access to major employment hubs in Collin County via SH-78. The property benefits from steady traffic flow and connectivity to nearby cities like McKinney, Princeton, and Greenville. Residents are just minutes from local retailers such as Brookshire’s and

FOR SALE DETAILS

PRICE

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# OF UNITS

36

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Crossroad Terrace

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1985

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3 AC

LAND SF

130,680 SF

ZONING

-

APN/PARCEL ID

1874396

ASK ABOUT THIS PROPERTY

Chase DavisThe Multifamily GroupMore Info
806-543-5980

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Chase DavisThe Multifamily GroupMore Info
806-543-5980

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