Multi-Family
Ennis Multifamily Zoned Land
US-287, Ennis, TX 75119
Listing Price: Request For Offer
Investment Overview
Marcus & Millichap Real Estate Investment Services is pleased to present the exclusive offering of the Ennis Multifamily Zoned Land located on Highway 287 and Ensign Road, in Ennis, Texas. The property is fully entitled for 22 units per acre or 440 total units. The approval was granted through the City of Ennis Council Meeting on January 16, 2023. City water and sewer will be capped to-site through a realignment with the Lennar development at no additional off-site cost to the buyer. D.R. Horton and Lennar single-family developments are nearby. Competition is low in the Ennis multifamily market where occupancy levels remain high. Ennis has 10 to 12 percent population growth projected and over $75,000 average household income within a 5-mile radius. There are many projects in the development pipeline that are positioned to create hundreds of jobs and housing needs. With zoning and infrastructure approved, this site presents an opportunity to build a streamlined Class-A multifamily investment.
Ennis Multifamily Zoned Land
Investment Highlights
- Zoned MF 22 Unit per Acre Density through City Council
- Nearby Lennar and D.R. Horton Developments
- Easy Access to Highway 287 and I-45
- Great for Commuters to Dallas and Fort Worth
- Rents are Comparable to Spyglass of Ennis Apartments with an Average of $1.60/SF Rents
Exclusively Listed By
Listing Price: Request For Offer
Investment Highlights
- Zoned MF 22 Unit per Acre Density through City Council
- Nearby Lennar and D.R. Horton Developments
- Easy Access to Highway 287 and I-45
- Great for Commuters to Dallas and Fort Worth
- Rents are Comparable to Spyglass of Ennis Apartments with an Average of $1.60/SF Rents
Investment Overview
Marcus & Millichap Real Estate Investment Services is pleased to present the exclusive offering of the Ennis Multifamily Zoned Land located on Highway 287 and Ensign Road, in Ennis, Texas. The property is fully entitled for 22 units per acre or 440 total units. The approval was granted through the City of Ennis Council Meeting on January 16, 2023. City water and sewer will be capped to-site through a realignment with the Lennar development at no additional off-site cost to the buyer. D.R. Horton and Lennar single-family developments are nearby. Competition is low in the Ennis multifamily market where occupancy levels remain high. Ennis has 10 to 12 percent population growth projected and over $75,000 average household income within a 5-mile radius. There are many projects in the development pipeline that are positioned to create hundreds of jobs and housing needs. With zoning and infrastructure approved, this site presents an opportunity to build a streamlined Class-A multifamily investment.
Exclusively Listed By
