Investment Overview

Marcus & Millichap is pleased to present the listing of Washington Square Apartments located in Paris, Texas. This twenty-six-unit property consists of ten one-bedroom units and sixteen two-bedroom units. Each tenant is responsible for their own electricity while the owner pays for water and trash. Current ownership has reported updated interior units with new flooring and appliances along with new roofs installed in 2023.. This property is located off Main Street and Washington Street just a half mile south of the public square in the heart of Paris, Texas. The location offers walking distance to the main thoroughfare and main attractions in the city. Paris, Texas is in northeast Texas which is 110 miles from the Dallas/Fort Worth metroplex and just 15 miles from the TX-OK border. Paris has a lot to offer including the Paris Regional Medical Center which is its largest economic drive in the city which employs over 1,000 employees. A few other employment centers are the Soup & Silgan Can Company along with Paris Junior College which has over 6,000 enrolled students. There is a new $1.6 Billion Samson Solar Energy Center construction project that will inject $450 million into the local economy benefiting Franklin and Lamar County. Paris, Texas is considered a Certified Texas Retirement Community due to its suburban feel and living standards. A potential investor has a chance to raise rents and stabilize the occupancy to create steady cash flow. Current ownership is updating interiors, and all units will be delivered rent ready to any potential Buyer.