Language and Region
Currency

This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.

Email*

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Send me a copy

940 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

106 Melody Ln
Wills Point, TX 75169

Melody Lane Apartments · Multifamily Property For Sale · 16 Units

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

Investment Highlights

Historical EGI Growth
Strategic Location with Strong Demographics

High Historical Occupancy and Market Resilience

Executive Summary

Capstone is pleased to present the Melody Lane Apartments, a 16-unit apartment complex in the rapidly growing town of Wills Point, TX. Built in 1976 and with recent renovations, Melody Lane has seen major Effective Gross Income (EGI) growth throughout the current ownership cycle. Along with above average EGI growth, Melody Lane has sustained above average historical occupancy, proving tenant demand and the ability of tenants to weather rental rate increases. Lastly, Melody Lane is located in a flourishing submarket with limited rental housing supply, presenting a unique opportunity for investors seeking to deploy capital into a supply-constrained market with favorable economic fundamentals.

PROPERTY FACTS

Price Per Unit	$68,750	Building Size	22,244 SF
Sale Type	Investment	Average Occupancy	100%
No. Units	16	No. Stories	2
Property Type	Multifamily	Year Built	1976
Property Subtype	Apartment	Parking Ratio	1.89/1,000 SF
Apartment Style	Low Rise	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Building Class	C

Price Per Unit	$68,750
Sale Type	Investment
No. Units	16
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	C
Building Size	22,244 SF
Average Occupancy	100%
No. Stories	2
Year Built	1976
Parking Ratio	1.89/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Unit Amenities

Air Conditioning
Dishwasher

Disposal
Heating

Refrigerator

Range

Unit Mix Information

Description	No. Units	Avg. Rent/Mo	SF
2+1	8	-	1,000
3+1	8	-	1,200

Learn More About Investing in Apartment Buildings

See All Articles

Listing ID: 33397602
Date on Market: 10/3/2024
Last Updated:
Address: 106 Melody Ln, Wills Point, TX 75169

1 of 10

VIDEOS

3D TOUR

PHOTOS

STREET VIEW STREET

MAP

1/10

This feature is unavailable at the moment.