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One Park Place Apartments 167 Blue Bird Ln 48 Unit Apartment Building $6,950,000 ($144,792/Unit) 6.18% Cap Rate Mineola, TX 75773
INVESTMENT HIGHLIGHTS
- Indivdual metered for electric
- Opportunity to add 4 more buildings
- 2 Existing buildings with 24 units each
EXECUTIVE SUMMARY
Located in the desirable and picturesque town of Mineola, Texas, this luxury apartment complex offers a rare opportunity to own an elegant and sophisticated investment property. Designed with high-end finishes and modern amenities, this complex provides an unparalleled living experience, making it an ideal residence for tenants seeking both comfort and style.
The property includes Phase 1: two new, three-story apartment buildings, each with 24 spacious units. (48 total). Each apartment is designed with premium features and open floor plans, ensuring a lifestyle of ease and relaxation. Tenants benefit from individually metered electricity, while a RUBS system, managed by Think Utility, is in place for water billing.
With room to expand, the complex offers the potential to complete construction and add up to four additional buildings, providing significant growth opportunities for the investor. The infrastructure is already completed for the 4 new buildings.
Residents also enjoy access to a 2,000 sq. ft. state-of-the-art clubhouse and office space, which includes a fully equipped gym, an outdoor kitchen perfect for social gatherings, and a fenced-in dog park for pets to enjoy.
This property combines modern luxury, ample expansion potential, and a prime location, making it an excellent choice for investors looking to add a premium multifamily asset to their portfolio.
Key Features:
2 existing buildings with 24 units each
Potential to add up to 4 more buildings
Individually metered for electricity
RUBS system for water billing (via Think Utility)
1,292 sq. ft. clubhouse with office, gym, outdoor kitchen, and dog park
Elegant design and high-end finishes throughout
Prime location in Mineola, Texas
Contact us today for more information or to schedule a private showing!
The property includes Phase 1: two new, three-story apartment buildings, each with 24 spacious units. (48 total). Each apartment is designed with premium features and open floor plans, ensuring a lifestyle of ease and relaxation. Tenants benefit from individually metered electricity, while a RUBS system, managed by Think Utility, is in place for water billing.
With room to expand, the complex offers the potential to complete construction and add up to four additional buildings, providing significant growth opportunities for the investor. The infrastructure is already completed for the 4 new buildings.
Residents also enjoy access to a 2,000 sq. ft. state-of-the-art clubhouse and office space, which includes a fully equipped gym, an outdoor kitchen perfect for social gatherings, and a fenced-in dog park for pets to enjoy.
This property combines modern luxury, ample expansion potential, and a prime location, making it an excellent choice for investors looking to add a premium multifamily asset to their portfolio.
Key Features:
2 existing buildings with 24 units each
Potential to add up to 4 more buildings
Individually metered for electricity
RUBS system for water billing (via Think Utility)
1,292 sq. ft. clubhouse with office, gym, outdoor kitchen, and dog park
Elegant design and high-end finishes throughout
Prime location in Mineola, Texas
Contact us today for more information or to schedule a private showing!
PROPERTY FACTS
| Price | $6,950,000 | Property Subtype | Apartment |
| Price Per Unit | $144,792 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | A |
| Cap Rate | 6.18% | Building Size | 39,956 SF |
| No. Units | 48 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2024 |
| Price | $6,950,000 |
| Price Per Unit | $144,792 |
| Sale Type | Investment |
| Cap Rate | 6.18% |
| No. Units | 48 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | A |
| Building Size | 39,956 SF |
| No. Stories | 3 |
| Year Built | 2024 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Range
- Tub/Shower
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 48 | - | - |
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One Park Place Apartments | 167 Blue Bird Ln
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