705-715 W Crawford St - Apartments FOR SALE


Denison, TX 75020
$880,000 USD
469-371-6247
705-715 W Crawford St, Denison, TX for Sale
$880,000 USD
Apartments - FOR SALE
1/16
null | 5.12% Cap Rate

705-715 W Crawford St
Denison, TX 75020


HIGHLIGHTS

  • Ideal unit mix. SFR-style living w/ apartment pricing means unique / competitive. Larger floor plans attract quality tenants seeking space / privacy.
  • 5 of 6 units fully renovated with modernized interiors. Major exterior improvements.
  • High-Growth Regional Corridor positioned between Texas Instruments' $30B+ Sherman semiconductor facility & Choctaw Casino's $600M expansion

OVERVIEW

Stabilized Townhome Complex, 6-Units | 100% Occupied Executive Summary -Fully-occupied townhome community in high-growth Denison, TX. $400K+ capital injections have already been made into key improvements. This 6-unit portfolio combines immediate cash flow with multiple embedded value-add upsides, including one remaining unrenovated unit, market rent capture and fee optimization. Comprehensive exterior and interior renovation program substantially complete. New ownership inherits modernized and stabilized asset with minimal near-term capital requirements. Ideal Unit Mix (84% 2 bedrooms, 16% 3 bedrooms) (FIVE) 2BR / 2.5BA townhomes (ONE) 3BR / 3.5BA townhome Property Highlights: -Each unit includes detached two-car garage -Small, privacy fenced backyard areas between residences for pets, gardens, lawn furniture, etc. Competitive Advantages -Product Differentiation in Denison area -SFR alternative offers rent premiums over conventional multifamily and drives superior tenant retention. -The townhome living experience attracts quality tenants seeking space and privacy at apartment-comparable pricing. -Easy to manage, as 1 living structure with single shared common costs. Location -Directly across from Denison High School, walking distance to downtown district, adjacent to daily-needs retail and new-construction convenience store/fuel center. The visibility and convenience support consistent demand and minimize vacancy risk. Turnkey Operations -Professional third-party property management in place. Upon closing, seamless transition with existing operational infrastructure, vendor relationships, and local market expertise. Value-Add Opportunities -Remaining Renovation Upside – One unrenovated unit offers $350-400/month rent lift potential upon turn -Utility Expense Recovery – RUBS or direct billback implementation can recover $80-110 per unit monthly -Lease Optimization – Stable 1-year lease structure in place; opportunity to implement rent growth strategies and fee structures Market Fundamentals -Denison is strategically positioned within a regional economic powerhouse corridor: -Texas Instruments Semiconductor Hub – Neighboring Sherman's $30+ billion TI manufacturing complex is creating up to 3,000 direct jobs with production beginning in 2025. Economic multiplier effects are expected to generate two to three additional jobs for every primary TI position, driving substantial housing demand across the region. -Choctaw Casino & Resort Proximity – Located just 17 miles (18 minutes) from Choctaw Casino & Resort in Durant, OK, one of the region's largest hospitality and entertainment employers. The Durant property invested $600 million in expansion, adding 1,000 rooms and creating 1,000 new jobs. This proximity provides consistent employment opportunities across hospitality, gaming, food service, and resort management sectors—supporting stable tenant demand for quality housing within commutable distance. -Combined with Lake Texoma tourism economy and residential migration from higher-cost DFW submarkets, Denison offers workforce housing at compelling price points for the region's expanding employment base. The townhome product type remains undersupplied relative to conventional apartments, supporting pricing power and occupancy stability in this high-growth corridor.

FOR SALE DETAILS

PRICE

$880,000 USD

PRICE/SF

$117 USD /SF

# OF UNITS

6

PRICE/UNIT

$146,667

CAP RATE

5.12%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Sevens Townhomes

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1986

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,117 SF

ZONING

Townhome

APN/PARCEL ID

142900

ASK ABOUT THIS PROPERTY

Colton TappIntergrity Plus REMore Info
469-371-6247

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Colton TappIntergrity Plus REMore Info
469-371-6247

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