288-Unit Apartment
1002 Edmonds Ln Lewisville, TX 75067
1002 Edmonds Ln, Lewisville, TX, 75067
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For Sale
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For sale in Lewisville, a 288-unit apartment community with noted opportunities to reduce expenses and enhance unit features.
Days on Market42
Property Features for 1002 Edmonds Ln
General Information
- Standard status
- Active
- Property subtype
- Multifamily
Listing agency
Dallas Office
(972) 755-5216
Listed by
Bard Hoover · License #License(s): TX: 610697
(972) 755-5216
Source
Marcusmillichap
Added: Jun 11 Updated: Jul 10 at 1:55PM Checked: Jul 21 at 3:06AM
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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
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Vistas on the Park Apartments
Apartment Building
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FAQs
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
