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1423 Longneck Rd
Princeton, TX 75407
Garden Homes of Princeton, TX. · Land For Sale · 12.20 AC

Investment Highlights

  • 12.20 Acre Multi Family 4 plex Development
  • Call for showing details
  • Growing East Dallas Market

Property Facts

Property Type Land
Property Subtype Residential
Proposed Use Apartment Units
Total Lot Size 12.20 AC
No. Stories 1
Zoning PD - Planned Development

Description

We have priced our rental units completively with undercutting the single family home rental market pricing below the Princeton, McKinney, and Frisco markets. We are priced with the apartments in Princeton , but our product is superior. With McKinney adjacent to us and much higher priced we feel that many people coming into this marketplace will chose us because of lower pricing and our superior product to that of a typical apartment building. With this market growth, #2 MSA in US for annual job growth and McKinney formally #1 on the list of Best Places to Live in America by Money Magazine based upon affordability, education, diversity, and economy, we think it is very strong. We were fortunate to buy and zone this property at a price that we could afford to do this low density product. Our product will reduce the emissions substantially over a 275-300 unit project. We cannot find another land purchase in the area where we could build this product due to the current price of land. Our complex is well positioned in the area with the Middle School down the street having an "A" rating and a new shopping center across the street being constructed. Our site being located at Monte Carlo and Longneck offers us easy access directly to Highway 380 which is a quick drive into McKinney. Collin County is the fastest growing County in the state, and we are a 40 minute drive to downtown Dallas.

Property Taxes

Property Taxes

Parcel Number
R-6166-006-0080-1
Land Assessment
$331,950
Improvements Assessment
$409,538
Total Assessment
$741,488
  • Listing ID: 32381256

  • Date on Market: 7/8/2024

  • Last Updated:

  • Address: 1423 Longneck Rd, Princeton, TX 75407

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