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    4202 Bass Pro Dr. Garland, TX 75043

    Sponsored
    For Sale
    $6,900,000

    56-unit mid-rise apartment complex, 20 units renovated. Prime location.

    Property size:
    35,490 SF

    Description

    Added:
    Jan 10, 2025
    Days on Market:
    367
    This exceptional investment opportunity presents a 56-unit mid-rise multifamily apartment complex totaling approximately 35,490 square feet. Located in Garland, Texas, 75043, at 4202 Bass Pro Dr., this property boasts a prime lakeside position on Lake Ray Hubbard and enjoys convenient access to I-30. Twenty units have undergone complete renovations. An additional investment of approximately $600,000 is projected to complete renovations on the remaining units, ultimately stabilizing the property at an 8% capitalization rate. The property benefits significantly from its proximity to the billion-dollar Sapphire Bay development, a future waterfront resort destination, and a new hotel development across the street by Massimo Modular. This presents a unique chance to acquire a substantial multifamily asset in a rapidly developing area with significant growth potential. The property is currently offered for sale at $6,900,000. Further details are available upon request.

    Property Features for 4202 Bass Pro Dr.

    General Information

    Property type
    Multifamily properties
    Square Feet
    35,490 SF
    Price / Square Foot
    $194
    Elevators
    N/A

    Building Details

    Year Built
    1983
    Stories
    4
    Units
    56

    HighLights

    • Prime Garland, TX location near Lake Ray Hubbard & I‑30.
    • 56‑unit mid‑rise complex; 20 units fully renovated.
    • Significant upside potential with ~$600,000 to complete renovations, targeting 8% cap rate.
    Property Profile Location Intelligence

    Current Use by Public Records

    Cabana Condominiums Apartment Building

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Gym & Fitness Pharmacy Wholesale Shop Skin Care Clinic

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

    Location Insight

    City
    Garland
    State
    Texas

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    FAQs

    What type of property is this?
    Multifamily property - 56-unit mid-rise apartment complex, 20 units renovated. Prime location.
    Where is this multifamily property located?
    The property is located at 4202 Bass Pro Dr. Garland, TX.
    What is the asking price?
    The asking price for this property is $6,900,000.
    What are key features of this property?
    This property features: Prime Garland, TX location near Lake Ray Hubbard & I-30.; 56-unit mid-rise complex; 20 units fully renovated.; Significant upside potential with ~$600,000 to complete renovations, targeting 8% cap rate.
    (214) 663-4236
    Request Owner's contact information
    4202 Bass Pro Dr. Garland, TX 75043
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    Garland, TX 75043
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4202 Bass Pro Dr. Garland, TX 75043
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