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Park Place 1420 Park Pl 21 Unit Apartment Building For Sale Sherman, TX 75092
Investment Highlights
- Premium 2BR interiors with Class-A finish-out support higher rent thresholds
- Adjacent to TI’s $30B semiconductor campus, creating long-term housing demand
- Add reserved/covered parking to generate reliable ancillary revenue
Executive Summary
Marcus & Millichap is pleased to present the exclusive listing of Park Place, a 21-unit Class-A community built in 2020 in Sherman, Texas. The property features premium interior finish-out, a highly desirable 100% two-bedroom unit mix, and consistently strong occupancy. Investors can capitalize on immediate upside through the addition of reserved and covered parking options, while benefiting from exceptional long-term demand fueled by Sherman’s transformational $30 billion Texas Instruments semiconductor campus. Positioned along the fast-growing U.S. 75 North Dallas corridor, Park Place offers stable performance with meaningful value-add potential. Contact Alex Clark at (972) 755-5288 for More Information
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Property Facts
| Sale Type | Investment | Lot Size | 0.74 AC |
| No. Units | 21 | Building Size | 16,800 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Garden | Year Built | 2020 |
| Building Class | C | Parking Ratio | 2.5/1,000 SF |
| Zoning | Commercial - Commercial | ||
| Sale Type | Investment |
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.74 AC |
| Building Size | 16,800 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2020 |
| Parking Ratio | 2.5/1,000 SF |
| Zoning | Commercial - Commercial |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Kitchen
- Granite Countertops
- Hardwood Floors
- High Speed Internet Access
- Ice Maker
- Refrigerator
- Oven
- Sprinkler System
- Stainless Steel Appliances
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Den
- Dining Room
- Double Pane Windows
- Family Room
- Freezer
- Pantry
- Patio
- Smoke Free
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 21 | $1,195 | 800 |
Property Taxes
| Parcel Number | 388988 | Improvements Assessment | $1,718,526 |
| Land Assessment | $98,257 | Total Assessment | $1,816,783 |
Property Taxes
Parcel Number
388988
Land Assessment
$98,257
Improvements Assessment
$1,718,526
Total Assessment
$1,816,783
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Park Place | 1420 Park Pl
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