Multifamily
Lake Breeze
6011 I-30 Frontage Rd, Greenville, TX 75402
Listing Price: Request For Offer
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing of Lake Breeze, a 64-unit apartment community located in Greenville, Texas. The property has benefited from significant recent capital improvements, including 12 residences rebuilt down to the studs in 2024, pitched roofs replaced in 2020, updated electrical infrastructure, and individual HVAC systems, substantially reducing near-term capital needs. New ownership has multiple opportunities to increase NOI through approximately $30,000 in annual water savings, insurance expense reductions, and leasing the remaining covered parking spaces. Positioned along Interstate 30 in Greenville's expanding Dallas-Fort Worth growth corridor, Lake Breeze benefits from proximity to major employers including RTX, L3Harris Technologies, Hunt Regional Healthcare, and the future 325-acre Greenbelt mixed-use development, providing strong long-term demand drivers for the asset.
Lake Breeze
Investment Highlights
- 12 units rebuilt down to the studs in 2024 with premium finishes creating some of the highest-quality apartment interiors in the submarket.
- Opportunity to generate more than $50K in annual NOI through insurance savings, water conservation initiatives, and leasing remaining covered parking spaces.
- Prime Interstate 30 location near RTX, L3Harris Technologies, Hunt Regional Healthcare, and the future Greenbelt mixed-use development.
Listing Price: Request For Offer
Investment Highlights
- 12 units rebuilt down to the studs in 2024 with premium finishes creating some of the highest-quality apartment interiors in the submarket.
- Opportunity to generate more than $50K in annual NOI through insurance savings, water conservation initiatives, and leasing remaining covered parking spaces.
- Prime Interstate 30 location near RTX, L3Harris Technologies, Hunt Regional Healthcare, and the future Greenbelt mixed-use development.
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing of Lake Breeze, a 64-unit apartment community located in Greenville, Texas. The property has benefited from significant recent capital improvements, including 12 residences rebuilt down to the studs in 2024, pitched roofs replaced in 2020, updated electrical infrastructure, and individual HVAC systems, substantially reducing near-term capital needs. New ownership has multiple opportunities to increase NOI through approximately $30,000 in annual water savings, insurance expense reductions, and leasing the remaining covered parking spaces. Positioned along Interstate 30 in Greenville's expanding Dallas-Fort Worth growth corridor, Lake Breeze benefits from proximity to major employers including RTX, L3Harris Technologies, Hunt Regional Healthcare, and the future 325-acre Greenbelt mixed-use development, providing strong long-term demand drivers for the asset.
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