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Crossroad Terrace 300 State Highway 78 S 36 Unit Mobile Home Park For Sale Farmersville, TX 75442
Investment Highlights
- $2.5MM+ in Operational Value Enhancement
- Same Owner for Over 35 Years
- $83,000+ Median Area Income in a 5-Mile Radius*
- Roofs & Stairwells Replaced Within the Last Year
- Located Just Off Highway-78 & US-380
- Collin County - One of the Fastest-Growing Counties in Texas, Adding Almost 100 New Residents Every Day
Executive Summary
The Multifamily Group is pleased to present the exclusive offering of Crossroad Terrace, a
unique, value-add opportunity in Farmersville, Texas. Constructed in 1985, the property consists
of 36 units averaging 699 square feet. The property features one- and two-bedroom floor plans
and is currently 78% occupied, compared to a strong submarket occupancy of 91%. Crossroad
Terrace is being offered free and clear of any existing debt.
Value-Add:
- Renovate the interiors of all of the units.
- Repair seven units that need a heavy lift ($7,500/unit in estimated repairs).
- Implement RUBS for water.
- Add washer and dryer hookups to each unit.
See pages 9-10 for a full analysis.
Location:
Crossroad Terrace is located in the growing community of Farmersville, Texas, offering a
small-town atmosphere with convenient access to major employment hubs in Collin County
via SH-78. The property benefits from steady traffic flow and connectivity to nearby cities like
McKinney, Princeton, and Greenville. Residents are just minutes from local retailers such as
Brookshire’s and
unique, value-add opportunity in Farmersville, Texas. Constructed in 1985, the property consists
of 36 units averaging 699 square feet. The property features one- and two-bedroom floor plans
and is currently 78% occupied, compared to a strong submarket occupancy of 91%. Crossroad
Terrace is being offered free and clear of any existing debt.
Value-Add:
- Renovate the interiors of all of the units.
- Repair seven units that need a heavy lift ($7,500/unit in estimated repairs).
- Implement RUBS for water.
- Add washer and dryer hookups to each unit.
See pages 9-10 for a full analysis.
Location:
Crossroad Terrace is located in the growing community of Farmersville, Texas, offering a
small-town atmosphere with convenient access to major employment hubs in Collin County
via SH-78. The property benefits from steady traffic flow and connectivity to nearby cities like
McKinney, Princeton, and Greenville. Residents are just minutes from local retailers such as
Brookshire’s and
Property Facts
| Sale Type | Investment | Building Class | C |
| No. Units | 36 | Lot Size | 3.00 AC |
| Property Type | Multifamily | Building Size | 23,712 SF |
| Property Subtype | No. Stories | 2 | |
| Apartment Style | Garden | Year Built | 1985 |
| Sale Type | Investment |
| No. Units | 36 |
| Property Type | Multifamily |
| Property Subtype | |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 3.00 AC |
| Building Size | 23,712 SF |
| No. Stories | 2 |
| Year Built | 1985 |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Not bikeable
10/100
Property Taxes
| Parcel Number | R-6952-003-2430-1 | Improvements Assessment | $557,856 |
| Land Assessment | $555,390 | Total Assessment | $1,081,302 |
Property Taxes
Parcel Number
R-6952-003-2430-1
Land Assessment
$555,390
Improvements Assessment
$557,856
Total Assessment
$1,081,302
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Crossroad Terrace | 300 State Highway 78 S
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