Multifamily
Ranch Suites
1305 N Tool Dr, Tool, TX 75143
Listing Price: Request For Offer
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing of Ranch Suites, a 17-unit multifamily community built in 1999 in Tool, Texas. Situated along the western shore of Cedar Creek Lake, the property offers a compelling value-add opportunity through interior renovations and implementation of a utility bill-back program projected to significantly enhance net operating income. New ownership can capitalize on competitive financing options, including potential interest-only terms, to boost early returns. Ranch Suites benefits from proximity to the Gun Barrel City retail corridor, nearby healthcare and education employers, and commutable access to the Dallas–Fort Worth metroplex, providing strong fundamentals and lasting tenant demand.
Listing Price: Request For Offer
Investment Highlights
- Interior renovations support higher rents and improved resident quality
- Implementing a flat utility fee enhances NOI and reduces ownership expenses
- Prime Cedar Creek Lake location with regional job access and DFW proximity
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing of Ranch Suites, a 17-unit multifamily community built in 1999 in Tool, Texas. Situated along the western shore of Cedar Creek Lake, the property offers a compelling value-add opportunity through interior renovations and implementation of a utility bill-back program projected to significantly enhance net operating income. New ownership can capitalize on competitive financing options, including potential interest-only terms, to boost early returns. Ranch Suites benefits from proximity to the Gun Barrel City retail corridor, nearby healthcare and education employers, and commutable access to the Dallas–Fort Worth metroplex, providing strong fundamentals and lasting tenant demand.
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