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The Park at Northgate Residences 15 Northgate Dr 49 Unit Apartment Building $11,495,483 ($234,602/Unit) 6% Cap Rate Waxahachie, TX 75165
Executive Summary
Boutique Apartments in
Waxahachie, Texas
• Elevate your investment portfolio with the luxurious 2BR-2BA
apartments at The Park at Northgate Residences.
• **Hotspot for Lucrative Returns**: Nestled in a thriving residential
market near major retail hubs like Walmart and HEB, 15 Northgate
Drive presents a golden opportunity for investors seeking high
returns in a vibrant community with a touch of historic charm.
Waxahachie, Texas
• Elevate your investment portfolio with the luxurious 2BR-2BA
apartments at The Park at Northgate Residences.
• **Hotspot for Lucrative Returns**: Nestled in a thriving residential
market near major retail hubs like Walmart and HEB, 15 Northgate
Drive presents a golden opportunity for investors seeking high
returns in a vibrant community with a touch of historic charm.
Property Facts
| Price | $11,495,483 | Apartment Style | Garden |
| Price Per Unit | $234,602 | Building Class | B |
| Sale Type | Investment | Lot Size | 2.96 AC |
| Cap Rate | 6% | Building Size | 54,416 SF |
| Gross Rent Multiplier | 11.24 | Average Occupancy | 100% |
| No. Units | 49 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2022 |
| Property Subtype | Apartment | Parking Ratio | 1.69/1,000 SF |
| Zoning | Commercial | ||
| Price | $11,495,483 |
| Price Per Unit | $234,602 |
| Sale Type | Investment |
| Cap Rate | 6% |
| Gross Rent Multiplier | 11.24 |
| No. Units | 49 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 2.96 AC |
| Building Size | 54,416 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2022 |
| Parking Ratio | 1.69/1,000 SF |
| Zoning | Commercial |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Heating
- Kitchen
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Walk-In Closets
- Freezer
- Island Kitchen
Site Amenities
- 24 Hour Access
- Controlled Access
- Fenced Lot
- Gated
- Online Services
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 49 | $1,845 | 932 - 1,298 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 239255 | Improvements Assessment | $7,295,724 |
| Land Assessment | $1,704,276 | Total Assessment | $9,000,000 |
Property Taxes
Parcel Number
239255
Land Assessment
$1,704,276
Improvements Assessment
$7,295,724
Total Assessment
$9,000,000
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The Park at Northgate Residences | 15 Northgate Dr
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