Investment Overview

Marcus & Millichap is pleased to present the exclusive listing of Vistas on the Park, a 288-unit apartment community located in Lewisville, Texas. The property offers multiple avenues for immediate value creation, highlighted by a significant insurance expense reduction opportunity that could lower annual premiums by approximately $173,000 and create more than $3 million in value when capitalized. Additional upside exists through operational expense optimization, implementation of a water conservation program projected to reduce annual expenses by more than $47,000, and the introduction of a reserved parking program to generate new ancillary income. New ownership can further enhance the asset through strategic interior improvements including smart-home technology and resident-focused upgrades. Positioned in the heart of the North Dallas growth corridor, Vistas on the Park benefits from proximity to Medical City Lewisville, DFW International Airport, major corporate employment centers, Lewisville Lake, and affluent surrounding demographics, creating a compelling long-term investment opportunity.