1509 F. Avenue, #12
Plano, TX 75074
$1,975,000
EXECUTIVE SUMMARY
This offering presents the acquisition of a well-located 12-unit multifamily property in Downtown Plano, one of the most active and supply-constrained submarkets in North Texas.
The asset provides stable in-place income supported by long-term tenancy (5+ year average stay), combined with a clear and achievable rent growth strategy. Current rents are below market for comparable unit sizes, creating an immediate opportunity to increase revenue through gradual repositioning and operational improvements.
The property has undergone key capital improvements, including roof replacement, upgraded flooring, energy-efficient windows, and parking lot enhancements, significantly reducing near-term capital expenditure risk.
At an attractive investment positioned below replacement cost in a high-demand location with strong fundamentals, including walkability, public transit access, and proximity to major employment centers.
*** Please review and follow instruction in submitting an offer TransactionDesk
| Listing Id: | 21283739 |
|---|---|
| List Price: | $1,975,000 |
| Property Type: | Residential Income |
| Property Sub Type: | Apartment |
| Status: | Closed |
| Bedrooms Total: | 24 |
| Bathrooms Full: | 12 |
| Bathrooms Half: | 12 |
| Living Area: | 12,300 |
| Lot Size Square Feet: | 32,670.0000 |
| Lot Size Acres: | 0.75 |
| Waterfront?: | No |
| City: | Plano |
| County Or Parish: | Collin |
| Subdivision Name: | Hood - Miller |
| Postal Code: | 75074 |
| Year Built: | 1970 |
| Unit Count: | 1 |
| Accessibility Features: | Accessible Bath - Full, Accessible Bedroom |
| Accessibility Features Yn: | Yes |
| Appliances: | Electric Cooktop,Refrigerator |
| Association Type: | None |
| Basement Yn: | No |
| Bathrooms Total Decimal: | 12.12 |
| Bathrooms Total Integer: | 24 |
| Building Area Source: | Appraiser |
| Building Area Total: | 12,300.00 |
| Buyer Financing: | Cash |
| Community Features: | Other |
| Complex Name: | NO NAME |
| Construction Materials: | Brick |
| Cooling: | Ceiling Fan(s), Central Air, Electric |
| Directions: | North on 75 Expressway turn right on 15th street and left on F. Ave |
| Elementary School: | Mendenhall |
| Elementary School Name: | Mendenhall |
| Exterior Features: | Other |
| Fencing: | Wood |
| Fireplace Features: | None |
| Flooring: | Ceramic Tile, Laminate |
| Foundation Details: | Slab |
| Gross Annual Expenses: | $88,016 |
| Gross Annual Income: | $249,900 |
| Heating: | Electric |
| High School Name: | Williams |
| Insurance Expense: | $16,238 |
| Interior Features: | Eat-in Kitchen |
| Levels: | One |
| Listing Terms: | Cash, Conventional |
| Lot Size Area: | 0.7500 |
| Lot Size Source: | Appraiser |
| Lot Size Units: | Acres |
| Middle School Name: | Bowman |
| Multi Parcel ID: | No |
| Municipal Utility District?: | No |
| Net Operation Income: | $161,884 |
| Number Of Buildings: | 3 |
| Number Of Parking Spaces: | 16 |
| Occupancy Rate: | 100 |
| Operating Expense Includes: | Gardener, Insurance, Maintenance, Supplies, Trash, Utilities, Water/Sewer |
| Parking Features: | Asphalt, Assigned |
| Patio And Porch Features: | Other |
| Pool?: | No |
| Possession: | Closing/Funding |
| Roof: | Flat, Tar/Gravel |
| School District: | Plano ISD |
| Security Features: | Other |
| Senior Community Yn: | No |
| Smart Home Features Appor Pass Y: | 0 |
| Tenancy: | No Smoking, No Sublease, Written Application Only |
| Utilities: | City Sewer, City Water, Electricity Connected, Master Water Meter |
| Will Subdivide: | No |
| Window Features: | Window Coverings |
| Year Built Details: | Preowned |
Listing Courtesy of: Central Metro Realty
Listing Agent: Nathan Malka
214-418-4335
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North Texas Real Estate Information Systems, Inc. data last updated on October 30, 2026 03:06 AM - CT
Property Last Updated: October 30, 2026 03:06 AM - CT
