Multifamily
Blue Springs
7795 McCallum Blvd, Dallas, TX 75252
Listing Price: Request For Offer
Investment Overview
Marcus & Millichap is pleased to present Blue Springs, a 55-unit multifamily property built in 1985 in Far North Dallas, Texas. The all one-bedroom community has received $244,666 in recent capital improvements, including a 2023 roof replacement, HVAC, cabinets and countertops, and pool and parking lot work. Current operations at 89 percent occupancy and 8.87 percent credit loss sit well behind a surrounding comparable set averaging 95 percent, giving new ownership a clear path to a pro forma NOI of $333,982, a 33.8 percent increase. Washer and dryer connections in every unit support additional ancillary revenue. The property sits in Plano ISD, minutes from UT Dallas and the Richardson Telecom Corridor, with new financing available. Contact Shaun Kennedy at (972) 755-5129 for more information.
Blue Springs
Investment Highlights
- Pro forma NOI of $333,982, a 33.8% increase over current, driven by reducing credit loss from 8.87% to 1.0% and vacancy from 10.33% to 8.0% on a stabilized 1985 asset.
- $244,666 in recent capital improvements, including a $106,336 roof replaced in 2023 and $52,930 in HVAC, with the parking lot re-surfaced in 2025 and re-striped in 2026.
- All 55 units are one-bedroom with full-size washer and dryer connections and an optional $60 monthly washer/dryer rental fee, served by Plano ISD and minutes from UT Dallas.
Listing Price: Request For Offer
Investment Highlights
- Pro forma NOI of $333,982, a 33.8% increase over current, driven by reducing credit loss from 8.87% to 1.0% and vacancy from 10.33% to 8.0% on a stabilized 1985 asset.
- $244,666 in recent capital improvements, including a $106,336 roof replaced in 2023 and $52,930 in HVAC, with the parking lot re-surfaced in 2025 and re-striped in 2026.
- All 55 units are one-bedroom with full-size washer and dryer connections and an optional $60 monthly washer/dryer rental fee, served by Plano ISD and minutes from UT Dallas.
Investment Overview
Marcus & Millichap is pleased to present Blue Springs, a 55-unit multifamily property built in 1985 in Far North Dallas, Texas. The all one-bedroom community has received $244,666 in recent capital improvements, including a 2023 roof replacement, HVAC, cabinets and countertops, and pool and parking lot work. Current operations at 89 percent occupancy and 8.87 percent credit loss sit well behind a surrounding comparable set averaging 95 percent, giving new ownership a clear path to a pro forma NOI of $333,982, a 33.8 percent increase. Washer and dryer connections in every unit support additional ancillary revenue. The property sits in Plano ISD, minutes from UT Dallas and the Richardson Telecom Corridor, with new financing available. Contact Shaun Kennedy at (972) 755-5129 for more information.
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