Investment Overview

Marcus & Millichap is pleased to present the exclusive listing of Northridge Villas, a 101-unit multifamily community built in 1969 in Sherman, Texas. The property offers a clear value-add runway, with 21 remaining classic units available for interior upgrades that can command rent premiums and modernize the asset. A highly marketable unit mix of 80% two- and three-bedroom residences drives steady leasing velocity, longer resident tenure, and durable occupancy. Northridge Villas sits along the U.S. 75 Path of Progress corridor north of Dallas, positioned to capture demand from Texas Instruments' $30 billion, four-fab semiconductor manufacturing campus projected to create more than 3,000 high-tech jobs in Sherman. Residents benefit from direct highway access to McKinney, Plano, and Dallas and proximity to the 326-bed Texoma Medical Center employing 1,500+ healthcare professionals. Operational NOI upside through expense controls rounds out a compelling value creation thesis. For more information, contact Alex Clark at (972) 755-5288.