TX
Collin
Plano
75074
1509 F. Avenue 12
1509 F. Avenue 12, Plano, TX 75074
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Listing Type
Condo/Townhome
Listing Status
Active
9
$2,249,000

Home Details for 1509 F. Avenue 12

Price
$2,249,000
Type
Residential Income
Bedrooms
24
Total Bathrooms
24
Full Bathrooms
12
Half Bathrooms
12
Square feet
12300
Year built
1970
Lot size acres
0.75
County
Collin
MLS Listing#
21283739
Property Description

EXECUTIVE SUMMARY This offering presents the acquisition of a well-located 12-unit multifamily property in Downtown Plano, one of the most active and supply-constrained submarkets in North Texas. The asset provides stable in-place income supported by long-term tenancy (5+ year average stay), combined with a clear and achievable rent growth strategy. Current rents are below market for comparable unit sizes, creating an immediate opportunity to increase revenue through gradual repositioning and operational improvements. The property has undergone key capital improvements, including roof replacement, upgraded flooring, energy-efficient windows, and parking lot enhancements, significantly reducing near-term capital expenditure risk. At an attractive investment positioned below replacement cost in a high-demand location with strong fundamentals, including walkability, public transit access, and proximity to major employment centers.

Property Features
  • Cooling Information
    • Ceiling Fan(s)
    • Central Air
    • Electric
  • Parking
    • Asphalt
    • Assigned
  • Heating Information
    • Electric
  • Water Features
    • Public
  • House Interior
    • Eat-in Kitchen
  • Utilities
    • Electricity Connected
  • Fire Place
    • None
School Information
School Information for 1509 F. Avenue 12, Plano, TX 75074
Elementary School
Mendenhall
Middle School
Bowman
High School
Williams
Listing Courtesy: Central Metro Realty - 512-454-6873
Presented by: Nathan Malka
Dallas MLS - N.T.R.E.I.S. logoThe data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the NTREIS Multiple Listing Service. Real estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.
Last Updated: 2026-05-29 14:03:50
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EXIT REALTY ELITE
129 S. Main St, Ste 260, Grapevine, TX 76051
Jerry Hawn
License #: 0706288
Sales Representative
Office
817 925 5503
Agent
817 905 9019
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