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24 Beds
24 Baths
12,300 sqft

$1,975,000

1509 F. Avenue 12, Plano TX, 75074

Price per sqft$160.57
Built in1970
Property size12,300 sqft
Property typeCondominium

Overview

Under contract

Active Under Contract

Updated 3 weeks ago

EXECUTIVE SUMMARY This offering presents the acquisition of a well-located 12-unit multifamily property in Downtown Plano, one of the most active and supply-constrained submarkets in North Texas. The asset provides stable in-place income supported by long-term tenancy (5+ year average stay), combined with a clear and achievable rent growth strategy. Current rents are below market for comparable unit sizes, creating an immediate opportunity to increase revenue through gradual repositioning and operational improvements. The property has undergone key capital improvements, including roof replacement, upgraded flooring, energy-efficient windows, and parking lot enhancements, significantly reducing near-term capital expenditure risk. At an attractive investment positioned below replacement cost in a high-demand location with strong fundamentals, including walkability, public transit access, and proximity to major employment centers. *** Please review and follow instruction in submitting an offer TransactionDesk

$13,140/mo

Est. mortgage payment based on a $1,975,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
21283739

Interior Features

Bedrooms
24
Bathrooms
24
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.75 Acres

Other Property Details

55+/Senior Community
No

Listed by Nathan Malka with Central Metro Realty
Listing Contact: 214-418-4335 

The IDX display contains information sourced from the North Texas Real Estate Information Systems, Inc. as of 8/27/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 8/27/2026 at 8:47 PM UTC

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