• Office Phone - 972.335.6564
  • Primary - 972.489.4887

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Listing provided courtesy of Central Metro Realty- MLS# 21283739MLS ProviderContact Information: Nathan Malka - 214-418-4335

1509 F. Avenue #12Plano, TX 75074

Multi-Family · 24 Beds · 12 Full Baths · 12 Half Baths · 12,300 Sq. ft. | 0.75 Acres
$2,249,000 Active

1509 F. Avenue #12 Overview

Visits:
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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.

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1509 F. Avenue #12 Facts & Features

  • Type Multi-Family
  • Sq. ft. 12,300
  • Price/Sq.ft. $183
  • Lot 0.75 Acres

Details

General

Association/HOA

  • Association: No

School Information

  • School District: Plano ISD
  • Elementary School: Mendenhall
  • Middle Or Junior School: Bowman
  • High School: Williams

Income/Expenses

  • Gross Income: 249900.0
  • Insurance Expense: 16238.0
  • Net Operating Income: 161884.0
  • Operating Expense Includes: Gardener,Insurance,Maintenance,Supplies,Trash,Utilities,Water/Sewer

Building Information

  • Year Built: 1970
  • Year Built Details: Preowned

Location/Region

  • Country: US
  • County Or Parish: Collin
  • Postal City: PLANO
  • Subdivision Name: HOOD - MILLER

Community/Development

  • Community Features: Other

General Information

  • Disclosures: Other
  • Listing Terms: Cash,Conventional
  • Parcel Number: R022000A00701
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Senior Community: No

Interior

Beds/Baths

  • Bathrooms Full: 12
  • Bathrooms Half: 12
  • Bathrooms Total: 24
  • Bedrooms Total: 24

Building Interior

  • Building Area Source: Appraiser
  • Building Area Total: 12300.0

General Information

  • Accessibility Features: Accessible Full Bath,Accessible Bedroom
  • Appliances: Electric Cooktop,Refrigerator
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Ceramic Tile,Laminate
  • Foundation Details: Slab
  • Interior Features: Eat-in Kitchen
  • Levels: One
  • Living Area: 12300.0
  • Security Features: Other
  • Stories: 1
  • Window Features: Window Coverings

Unit Information

  • Unit Number: 12

Exterior

Parking Information

  • Parking Features: Assigned,Asphalt
  • Parking Total: 16.0

Lot Information

  • Lot Size Acres: 0.75
  • Lot Size Area: 0.75
  • Lot Size Source: Appraiser
  • Lot Size Square Feet: 32670.0
  • Lot Size Units: Acres
  • Number Of Buildings: 3
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Brick
  • Patio And Porch Features: Other
  • Roof: Flat,Tar/Gravel

General Information

  • Exterior Features: Other
  • Fencing: Wood
  • Number Of Units Total: 12
  • Pool Features: None
  • Sewer: Public Sewer
  • Utilities: Electricity Connected,Sewer Available,Water Available

Unit Information

Unit 1 Details

  • Unit Type: 2 Bedroom
  • Units Total: 12

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1509 F. Avenue #12 Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1509 F. Avenue #12 Market Data

Based on the last 30 days in this zip code

$462,535
Average List Price
$214
Average Price per Square Foot
27
Properties Sold
56
Average Days on Market
150
Properties for Sale
Calculations provided by Reliance Network


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