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Multifamily Residential Income Property

1000 Mary Dr Iowa Park, TX 76367

1000 Mary Dr, Iowa Park, TX, 76367
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For Sale
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Residential income property featuring a unit mix with 60% two- or three-bedroom homes.

Days on Market103

Property Features for 1000 Mary Dr

General Information

Standard status
Active
Property subtype
Multifamily
Listing agency Marcus & Millichap - Dallas
Listed by Nick Fluellen, CCIM · License #TX 0521943
Source Crexi
Added: Apr 12 Updated: Jul 22 at 7:27PM Checked: Jul 22 at 7:27PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Dallas


Investment Insights

Based on property information with market context.

This multifamily residential income property is positioned around a desirable unit mix, with 60% of units being two-bedroom or three-bedroom layouts. The current owner has invested $978,500 in recent capital expenditures and the property is being offered as a turnkey asset with an existing unit upgrade program that can be continued by a new owner.

The property is located at 1000 Mary Dr in Iowa Park, Texas. The deal story also outlines opportunities for additional operational and amenity improvements, including adding covered parking for a monthly fee, introducing a water RUBS program, and transitioning from an all-bills-paid structure to resident-paid utilities.

Key Highlights

  • Unit mix includes 60% two‑bedroom or three‑bedroom homes
  • Current owner spent $978,500 in recent capital expenditures

Property Analytics

Location Intelligence

Current Use by Public Records

1000 Mary Apartments Business Center

Suggested Use

Building Supply HVAC Service Dental Office Hair Salon Auto Parts Store Plumbing Service Kitchen & Bath Showroom Grocery & Convenience Store Spa & Massage Center Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Multifamily property - Residential income property featuring a unit mix with 60% two- or three-bedroom homes.
Where is this multifamily property located?
The property is located at 1000 Mary Dr Iowa Park, TX.
What are key features of this property?
This property features: Unit mix includes 60% two‑bedroom or three‑bedroom homes; Current owner spent $978,500 in recent capital expenditures
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