288-Unit Apartment
For Sale
Contact for pricing
1002 Edmonds Ln, Lewisville, TX 75067
For sale in Lewisville, a 288-unit apartment community with noted opportunities to reduce expenses and enhance unit features.
Property Size224,127 SF
Days on Market87
Property Features for 1002 Edmonds Ln
General Information
Standard status
Active
Size
224,127 SF
Property subtype
Multifamily
Occupancy
87%
Additional Details
Multifamily Units
288
Amenities
$173K annual insurance savings opportunity equates to more than $3 million in value creation
Additional upside through water conservation, expense optimization, and reserved parking income
Prime Lewisville location near DFW Airport, Medical City Lewisville, and major corporate employers
Building Details
Building Size
224,127 SF
Units
288
Listing Agency:
Dallas Office
Listed By:
Bard Hoover · License #License(s): TX: 610697
(972) 755-5216
Source:
Marcusmillichap
Added: Jun 11
Changed: Aug 17
Last Checked: Sep 5 at 3:59AM
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 Dallas Office
Investment Insights
Based on property information with market context.
Vistas on the Park is a 288-unit apartment community for sale in Lewisville, Texas. The listing describes scope for improvements under new ownership, including interior upgrades such as smart-home technology and resident-focused enhancements. The offering also highlights potential expense and revenue initiatives, including an insurance expense reduction opportunity, operational expense optimization, and a reserved parking program.
The property is positioned in the North Dallas growth corridor, with proximity noted to Medical City Lewisville and DFW International Airport. The listing also references access to major corporate employment centers and Lewisville Lake, along with affluent surrounding demographics.
For buyers, the property is presented as a multifamily platform with multiple management levers the current marketing materials say could improve the operating profile. Specific items cited include the possibility of lowering annual insurance premiums, reducing annual expenses through a water conservation program, and generating ancillary income via a reserved parking program. The combination of unit-level upgrade potential and operational initiatives is intended to support a practical approach to post-closing execution for an investor or operator seeking to oversee both residents-facing improvements and cost controls.
The property is positioned in the North Dallas growth corridor, with proximity noted to Medical City Lewisville and DFW International Airport. The listing also references access to major corporate employment centers and Lewisville Lake, along with affluent surrounding demographics.
For buyers, the property is presented as a multifamily platform with multiple management levers the current marketing materials say could improve the operating profile. Specific items cited include the possibility of lowering annual insurance premiums, reducing annual expenses through a water conservation program, and generating ancillary income via a reserved parking program. The combination of unit-level upgrade potential and operational initiatives is intended to support a practical approach to post-closing execution for an investor or operator seeking to oversee both residents-facing improvements and cost controls.
Key Highlights
- 288‑unit apartment community for sale in Lewisville, Texas
- Projected annual insurance premium reduction of approximately $173,000
- Water conservation program projected to reduce annual expenses by more than $47,000
Property Analytics
Property Profile
Current Use
Lease Details
288
Residential units
Location Intelligence
Trade Area within ½ mile
801
Businesses Nearby
Explore this area
Business Placement
Demographics for 75067, TX
68,734
Population
28,990
Households
2.4
Avg Household Size
34
Median Age
33%
College-Educated
87%
High-School Grad
13.5 sq mi
ZIP Area
5,091
Density / Sq Mi
$76,630
Median Household Income
$45,448
Median Earnings
$1,506
Median Rent
$321,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - For sale in Lewisville, a 288-unit apartment community with noted opportunities to reduce expenses and enhance unit features.
Where is this apartment building located?
The property is located at 1002 Edmonds Ln Lewisville, TX.
What are key features of this property?
This property features: 288‑unit apartment community for sale in Lewisville, Texas; Projected annual insurance premium reduction of approximately $173,000; Water conservation program projected to reduce annual expenses by more than $47,000
