The Manor at Black Hill Farm
11.08 Acres Zoned for 300 Multifamily Units
Marketing description
For registration requirements and regulations, please review here or contact Alexsis Wolfson | 949-799-4658 | [email protected].
Introducing The Manor at Black Hill Farm, a prime opportunity to invest in a future multifamily gem in an Opportunity Zone in Gainesville, TX. The property boasts a planned 264-unit complex expandable to over 300 units on 11.08 acres. Situated in the idyllic Black Hill Farm community, just minutes from WinStar, the world's largest casino. Gainesville offers a vibrant community life with annual events like Spring Fling and top-notch amenities including Leonard Park and Frank Buck Zoo. With fantastic proximity to the Dallas-Ft. Worth Metroplex, residents enjoy a serene lifestyle with easy access to metropolitan conveniences. Designed for Opportunity Zone Fund investors, this rental community invites offers with flexible terms. Don't miss the chance to be a part of this burgeoning market.
- Non-Contingent
- Earnest Money Deposit: Greater of $20,000 or 10% of the Purchase Price
- Marketing Fee: 5% of the Winning Bid Amount, $20,000 minimum
- $10,000 Participation Deposit
1518 and 1520 Black Hills Dr, Gainesville, TX 76240
1514 W California St, Gainesville, TX 76240
FM 51, Gainesville, TX 76240
Black Hill Dr, Gainesville, TX 76240
Investment highlights
The Manor as shown herein is planned for of 264 rental units in total, but a different design could be build exceeding 300 units, which the current zoning would allow.
Shown features Humphreys’ popular E-Stak design, the site plan calls for 110 Units are two bedroom/two bath unit ranging from 1,030 to 1,132 square feet and there are 154 one bedroom units ranging from 685 to 850 square feet. So, averaging 888 square feet per unit, the site plan has a density of 24 units/acre with a total of 455 parking spaces provided, 128 garages.
Location - Black Hill Farm - A Master Planned Community, Gainesville, Texas 76240 www.BlackHillFarm.com
Just 10 minutes to WinStar (World’s Largest casino)
Land Size - 11.08 acres gross
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