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