Listed by Marcus & Millichap - Dallas
$1,550,000
2.11 Acres MF Zoned Land
Details
Property Type Multifamily, Mixed Use
Sub Type Residential, Apartment Building
Square Footage 5,000
Units 54
Cap Rate 6.00%
Class A
Acreage 2.110
Zoning Multifamily
Parking Spaces 147 spaces
Parking Per SqFt 29.40
2.11 MF Zoned Land - 54 Units
Marketing description
54-Unit Multifamily Development Opportunity
One Mile from Lake Ray Hubbard
Among North Texas’ Largest Lakes
10 Minutes from Rockwall Harbor
A Vibrant Waterfront Shopping and Dining District
Near Sapphire Bay Waterfront Development
$1 Billion Mixed-Use Master Planned Community
Proximal to Interstate 30
Near Multiple Major Thoroughfares
Investment highlights
- 2.02 Acres - Zoned Multifamily Land
- Up to 54 Units
- Site Plan
- Survey
- Great Visibility along IH-30
- Zoning - mf-2 - 2.02 acres
- Density allowed - 32 units per acre
- Density provided - 27 units per acre
- Maximum height allowed - 50'
- Height provided - 36'
- Dwelling unit areas:
- Efficiency - 500 s.f. min. provided - 568 s.f.
- 1 bedroom - 650s.f. min. provided - 693 s.f.
- 2 bedroom - 800 s.f. min. provided - 891 s.f.
- Parking: required –
- 1 per eff.unit = 21
- 1.5 per 1 bdrm = 14 2 per
- 2 bdrm = 48
- Total required parking - 83 parking spaces
- 22 open spaces
- 6 handicap spaces
- 48 covered spaces
- Total provided parking - 64 parking spaces
- EV charging stations – 2
- Typical parking space - 9' x 18'
- Clubhouse - 2,500 sf. required
- Provided - 2,500 s.f
- Leisure area required - 1,000 s.f.
- Swimming pool - 800 s.f. required provided - 800 s.f.
- Pickle ball court & leisure area - 4,200 s.f. total
- Provided leisure area - 5,000 s.f.
- Total provided leisure area - 5,000 s.f.
- Typical driveways – 24
- Typical corners inside radius - 20'
Listing Contacts
Listed by Marcus & Millichap - Dallas
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