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2401 W Spring Creek Pky
Plano, TX 75023
Bellevue Spring Creek · Multifamily Property For Sale
·
278 Units
PROPERTY FACTS
| No. Units | 278 | Building Size | 394,556 SF |
| Property Type | Multifamily | Average Occupancy | 87% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1982 |
| Building Class | C | Parking Ratio | 1.61/1,000 SF |
| Lot Size | 18.04 AC | ||
| Zoning | MF-M | ||
| No. Units | 278 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 18.04 AC |
| Building Size | 394,556 SF |
| Average Occupancy | 87% |
| No. Stories | 2 |
| Year Built | 1982 |
| Parking Ratio | 1.61/1,000 SF |
| Zoning | MF-M |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Fireplace
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Eat-in Kitchen
- Kitchen
- Hardwood Floors
- Ice Maker
- Range
- Tub/Shower
- Views
- Walk-In Closets
- Carpet
- Yard
- Dining Room
- Vinyl Flooring
- Window Coverings
SITE AMENITIES
- Business Center
- Fitness Center
- Playground
- Property Manager on Site
- Sauna
- Tennis Court
- Doorman
- Furnished Units Available
- Grill
- Package Service
- Storage Space
- Maintenance on site
- Sundeck
ABOUT 2401 W SPRING CREEK PKY , PLANO, TX 75023
This is a partial ownership opportunity made available by Nicholas Residential, powered by RealCrowd. 10 of the Property’s 278 units have been fully upgraded by the current owner, while the remaining units have not been improved. The property's average in place rents are $1,091 ($1.14/SF) and our analysis conservatively assumes market rents of $1,185/unit ($1.24/SF). With comparable properties achieving rents of up to $1.37/SF, significant rent growth will be achieved through a combination of unit upgrades premiums and organic market growth. This is not an offer to sell securities and RealCrowd does not solicit investors, engage in any negotiations regarding potential investments, or participate in the sale or purchase of any securities or otherwise effect transactions in securities. Any sale or purchase of securities is in the sole discretion of, and is conducted directly between, the issuer and the prospective investor. All information regarding potential investment opportunities is prepared solely by the issuer, and such issuer is solely responsible for the accuracy of all such statements.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 210 | - | 704 - 1,067 |
| 2+2 | 68 | - | 1,241 - 1,247 |
PROPERTY TAXES
| Parcel Number | R-1203-001-0010-1 | Improvements Assessment | $22,693,021 |
| Land Assessment | $14,142,456 | Total Assessment | $36,835,477 |
PROPERTY TAXES
