107 Sydney Dr, Bullard, TX 75757

Bullard Heights Townhomes

Multifamily Investment & Development Opportunity

Property Overview

Bullard Heights Townhomes presents a unique opportunity to acquire a stabilized, income-producing multifamily asset with immediate expansion potential. The property currently includes 24 fully leased units, with approvals and infrastructure in place for 20 additional townhomes.

Existing Property

• Total Units: 24

• Unit Size: 1,400 SF each

• Floor Plan: 3 Bedrooms / 2 Bathrooms

• Current Rent: $1,595 per month per unit

• Current Monthly Income: ≈ $36,000

• Occupancy: 100%

Expansion Opportunity

• 20 Shovel-Ready Pad Sites

• Utilities: All infrastructure and connections in place

• Total Additional Buildout: Approx. 28,000 SF

• Seller Construction Option: Seller willing to build additional 20 units at $135/SF

• Projected Monthly Income (Post-Buildout): ≈ $70,180

Investment Highlights

• ✅ Stabilized Cash Flow: Fully leased with strong tenant retention

• ✅ Immediate Growth Potential: 20 ready-to-build pads with utilities on site

• ✅ Turnkey Expansion Option: Seller can deliver new units at competitive construction pricing

• ✅ High Demand Product Type: Spacious 3BR/2BA layouts ideal for families and long-term renters

• ✅ Strong Projected Returns: Opportunity to nearly double NOI through development