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1201 E 16th St
Plano, TX 75074
 Magnolia on 16th · Multifamily Property For Sale · 42 Units

Apartment Buildings Texas Plano 1201 E 16th St, Plano, TX 75074

INVESTMENT HIGHLIGHTS

  • Located in the heart of downtown Plano offering residents a true live, work, play lifestyle
  • Currently 100% occupied; lease-up rents over $1400 with great upward momentum.
  • Additional income opportunities include implementing a water conservation program, smart home packages, reserved parking, short-term rentals, & more
  • Only two owners in the last 57 years
  • Proven upside; Current owner renovated 36% of the unit interiors achieving up to $600 premiums over existing leases
  • With virtually zero deferred maintenance, new owners can focus their efforts, and their budget, on interior upgrades that drive value.

PROPERTY FACTS

No. Units 42 Lot Size 1.48 AC
Property Type Multifamily Building Size 33,350 SF
Property Subtype Apartment No. Stories 2
Apartment Style Low-Rise Year Built/Renovated 1965/1980
Building Class B Parking Ratio 1.02/1,000 SF
Zoning MF-1
No. Units 42
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class B
Lot Size 1.48 AC
Building Size 33,350 SF
No. Stories 2
Year Built/Renovated 1965/1980
Parking Ratio 1.02/1,000 SF
Zoning MF-1

AMENITIES

UNIT AMENITIES

  • Heating
  • Kitchen
  • Range

LINKS

PROPERTY TAXES

Parcel Number R-0160-006-001A-1 Improvements Assessment $0
Land Assessment $571,824 Total Assessment $829,759

PROPERTY TAXES

Parcel Number
R-0160-006-001A-1
Land Assessment
$571,824
Improvements Assessment
$0
Total Assessment
$829,759
 

  • Listing ID: 25665092

  • Date on Market: 5/9/2022

  • Last Updated:

  • Address: 1201 E 16th St, Plano, TX 75074

More public record information on 1201 E 16th St, Plano, TX 75074

The Downtown Plano Multifamily Property at 1201 E 16th St, Plano, TX 75074 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.

MULTIFAMILY PROPERTIES IN NEARBY NEIGHBORHOODS

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