403 Nacogdoches Street, Center, TX 75935
Local realty services provided by:Better Homes and Gardens Real Estate Lindsey Realty
Listed by: esther cho
Office: gsfrea llc.
MLS#:21373678
Source:GDAR
Price summary
- Price:$3,700,000
- Price per sq. ft.:$169.8
About this home
Located in Center, TX, Town Square presents an opportunity to acquire a stabilized, mixed-use investment featuring 24 units consisting of one- and two-bed floorplans alongside 4 commercial office spaces in a modern development completed in 2011. Purpose built to serve both long-term residents and corporate housing demand, most units come fully furnished, and all are equipped with in-unit washers and dryers and internet, offering a true turnkey living experience. With an ideal location walking distance to downtown, Town Square benefits from Shelby County’s various economic drivers including energy, manufacturing and government employment. Additionally, the commercial component provides diversified income with existing tenancy and additional leasing upside. With newer construction, minimal anticipated capital expenditures, a diversified revenue stream, and one of the few professionally managed market-rate apartment communities in the area, Town Square offers investors a combination of stable in-place cash flow and long-term value creation opportunities. Investors can boost NOI by leasing out two vacant office spaces. Owners spent $75k finishing them out, complete with HVAC, electric, plumbing, kitchen, bathrooms, and individual offices. Asking lease rates will be $2,200 for the larger space and $1,700 for the smaller unit, bringing annual gross potential to $46,800. Other value add opportunities include capturing a rent premium through thoughtfully appointed, furnished residences while leveraging flexible lease terms to capitalize demand from corporate and short-term users....
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Home facts
- Year built:2010
- Subdivision & Development:Not Applicable
- Listing ID #:21373678
- Added:24 day(s) ago
- Updated:September 25, 2026 at 12:07 PM
Rooms and interior
- Bedrooms:32
- Total bathrooms:32
- Full bathrooms:32
- Flooring:Vinyl
- Kitchen Description:Dishwasher, Disposal, Electric Range, Microwave
- Living area:21,790 sq. ft.
Heating and cooling
- Cooling:Ceiling Fans, Central Air, Electric
- Heating:Central, Electric
- Central air:Yes
Structure and exterior
- Roof:Composition
- Year built:2010
- Building area:21,790 sq. ft.
- Lot area:1.92 Acres
- Construction Materials:Fiber Cement, Stone Veneer, Wood Siding
- Foundation Description:Slab
- Levels:2 Story
Schools
- High school:Center
- Middle school:Center
- Elementary school:Center
Finances and disclosures
- Price:$3,700,000
- Price per sq. ft.:$169.8
- Tax amount:$39,781
Features and amenities
- Appliances:Dishwasher, Disposal, Dryer, Electric Range, Microwave, Washer
- Laundry features:Dryer, Washer
Parking
- Total parking spaces:45
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