Northridge Villas
Renovation Upside | Expense Savings | TI Expansion Growth | Sherman Demand Drivers
Marketing description
Marcus & Millichap is pleased to present the exclusive listing of Northridge Villas, a 101-unit apartment community located in Sherman, Texas. The property offers a compelling value-add opportunity through completion of interior upgrades across the remaining classic units, alongside immediate upside through payroll and insurance expense optimization. Featuring a highly desirable unit mix with approximately 80% two- and three-bedroom floor plans, the asset is well positioned for durable long-term occupancy. Northridge Villas also benefits from exceptional regional growth drivers, led by Texas Instruments’ $30 billion semiconductor campus, expanding North Dallas population growth, major healthcare employers, and proximity to Austin College. Positioned along the U.S. 75 growth corridor, the property represents an attractive opportunity to capitalize on one of North Texas’ fastest-growing markets.
Investment highlights
Interior Renovation Upside
Complete upgrades in remaining classic units to drive rent growth and strengthen leasing performance
Expense Management Opportunity
Immediate NOI growth available through payroll and insurance expense optimization
Desirable Large Unit Mix
Approximately 80% two- and three-bedroom units support durable demand and resident retention
Benefiting from $30B Texas Instruments Expansion
Transformational semiconductor investment is creating thousands of jobs and driving housing demand
Positioned in North Dallas Path of Progress
Located along one of the fastest-growing corridors in the Metroplex with accelerating regional growth
Strong Sherman Demand Drivers
Supported by healthcare employment, higher education, and convenient U.S. 75 connectivity
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