Marcus & Millichap is pleased to announce the exclusive listing of 401 Betchan Street in Lake Dallas, TX. With approximately 0.65 acres of attached vacant land, 401 Betchan presents the opportunity to build additional units or introduce new resident amenities. The limited land availability in Lake Dallas makes this development site a rare chance for value creation in a supply-constrained market. With no present water recapture program, 401 Betchan allows a new owner to implement a flat-rate water fee, generating additional income with no upfront costs. This operational improvement would immediately increase NOI without any extra expense. Seven of the eight units have been partially upgraded with vinyl flooring, cabinet fronts, granite/ quartz countertops, gooseneck faucets, and tiled tub surrounds. By completing the upgrades with stainless steel appliances, tile backsplashes, and modern ceiling fans, a new owner can achieve an estimated $100 premium per unit, adding approximately $200K in property value. A recent market survey revealed that rents at 401 Betchan are over 10% below market, providing an immediate opportunity to increase revenue through a market-to-market initiative. With strategic management and modern leasing strategies, rents can be adjusted to market rates while maintaining strong occupancy.