Stabilized 6-Unit Townhome Portfolio | 705–715 W Crawford St, Denison, TX Executive Summary -A rare opportunity to acquire a fully-occupied, recently renovated townhome community in high-growth Denison, TX. This 6-unit portfolio combines immediate cash flow with embedded value-add upside through one remaining unrenovated unit and utility expense optimization. Investment Overview -Immediate Occupancy + Built-In Upside -100% leased with five fully renovated units generating market-rate income. One long-term tenant in original condition presents straightforward rent lift opportunity upon natural turnover—no forced vacancy required. $400K Capital Investment Since 2022 -Comprehensive exterior and interior renovation program substantially complete. New ownership inherits modernized asset with minimal near-term capital requirements. Premium Unit Mix Five 2BR/2.5BA townhomes One 3BR/3.5BA townhome -Each unit includes detached two-car garage -Private fenced backyard areas between residences -This single-family alternative configuration commands rent premiums over conventional multifamily and drives superior tenant retention. Competitive Advantages -Product Differentiation -Attached townhomes with detached garages and private outdoor space outperform standard apartment amenities in the Denison market. The single-family living experience attracts quality tenants seeking space and privacy at apartment-comparable pricing. High-Visibility 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. Seamless transition with existing operational infrastructure, vendor relationships, and local market expertise. Value-Add Opportunities -Remaining Renovation Upside – One unrenovated unit offers $150–250/month rent lift potential upon turn -Utility Expense Recovery – RUBS or direct billback implementation can recover $50–100+ per unit monthly -Lease Optimization – Stable 1-year lease structure in place; opportunity to implement rent growth strategies -Insurance Cost Optimization – Opportunity to secure more competitive insurance rates through portfolio-level coverage or alternate carrier evaluation, reducing operating expense burden 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.