Bristol Square Apartments
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Marketing description
This 35-unit garden-style apartment community offers a rare investment opportunity in the growing Savoy, Texas market. Situated on 3.54 acres, the property spans 23,758 square feet across multiple buildings and provides a stable foundation for value-add strategies or long-term income generation. Built in 1970, the complex benefits from a low-density layout and ample open space, appealing to tenants seeking a quieter residential setting.
Located within Fannin County, the property enjoys convenient access to U.S. Highway 82, connecting residents to nearby Bonham and Sherman, as well as the broader North Texas region. The area has experienced steady population growth, supported by a balanced mix of residential and commercial development. With its existing infrastructure and utilities in place, this asset presents an attractive option for investors looking to capitalize on regional growth trends and affordable housing demand.
Investment highlights
Value-Add Opportunity
Significant upside through interior renovations, operational efficiencies, and rental rate adjustments to align with market levels.
Strong Unit Count with Scalable Income
35-unit community providing consistent cash flow with the ability to increase NOI through strategic management.
Low-Density Garden-Style Layout
Situated on 3.54 acres, offering a desirable, spacious setting that appeals to tenants seeking privacy and a quieter residential environment.
Attractive Basis / Affordable Entry Point
Positioned in a secondary North Texas market, allowing investors to acquire at a lower price per unit compared to major metros.
Growing North Texas Submarket
Located in Savoy within Fannin County, benefiting from regional population growth and expansion from nearby Sherman and Bonham.
Convenient Regional Connectivity
Easy access to U.S. Highway 82 provides connectivity to major employment hubs and retail corridors.
Existing Infrastructure in Place
Utilities and foundational systems already established, reducing upfront capital expenditures for repositioning.
High Demand for Workforce Housing
Strong rental demand driven by affordability constraints across North Texas, positioning the asset well for stable occupancy.
Long-Term Hold Potential
Ideal for investors seeking steady cash flow with appreciation driven by continued regional growth and housing demand.
Multiple Exit Strategies
Opportunity to reposition and refinance, stabilize for long-term yield, or sell at a higher valuation post-renovation.
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