New 8-Unit Townhome
18747 FM 2493 Flint, TX 75762
18747 FM 2493, Flint, TX, 75762
$2,541,000
For Sale
$2,541,000
MULTI_FAMILY - Flint, TX
Lot Size2.07 Acres
Days on Market51
Property Features for 18747 FM 2493
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Parking
- 16
- Parking features
- Parking Lot, Off Street
- Security features
- Security
- Interior features
- KitchenIsland
- Exterior features
- Lighting, RainGutters
- Appliances
- Dishwasher, ElectricRange, Microwave, Refrigerator
- Standard status
- Active
- APN
- R144266
- Lot size
- 2.07 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 2023
- Floors in Building
- 2
- Number of units
- 8
- Flooring type
- Concrete
- Roof type
- Composition
Listing Agency
Drake Real Estate
(903) 581-3737
Tyler, TX
Listed by
Matthew Marshall · License #0544812
(903) 581-3737
Added: May 28 Checked: Jul 17 at 11:06 pm
MLS# 20965019
Listing URL
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Investment Insights
Based on property information with market context.
The Shires is a newly constructed, 100% occupied eight-unit townhome complex in Flint, Texas. Each unit is a 3-bedroom, 2-bath layout with modern interior finishes and approximately 1,400 square feet per home. The property includes 16 parking spaces, with about two spaces per unit, supporting everyday tenant needs while maintaining a clean, practical site plan.
The community is listed for sale at 18747 FM 2493, Flint, TX 75762, in Smith County. Beyond the existing eight homes, purchasers have a value-add development opportunity on additional acreage. The offering includes land and infrastructure primed for vertical construction, creating the potential to develop 20 more units. Year 1 NOI is reported at $125,268, supporting the existing income stream while allowing an investor to pursue future upside.
This asset is well suited to buyers and operators seeking a newer, move-in-ready multifamily investment with strong current occupancy and a clear development pathway. The combination of a stabilized, newly built income component and additional development capacity makes it an attractive platform for those evaluating both hold-and-collect and future expansion strategies.
The community is listed for sale at 18747 FM 2493, Flint, TX 75762, in Smith County. Beyond the existing eight homes, purchasers have a value-add development opportunity on additional acreage. The offering includes land and infrastructure primed for vertical construction, creating the potential to develop 20 more units. Year 1 NOI is reported at $125,268, supporting the existing income stream while allowing an investor to pursue future upside.
This asset is well suited to buyers and operators seeking a newer, move-in-ready multifamily investment with strong current occupancy and a clear development pathway. The combination of a stabilized, newly built income component and additional development capacity makes it an attractive platform for those evaluating both hold-and-collect and future expansion strategies.
Key Highlights
- Newly constructed The Shires: 8‑unit townhome complex in Flint, TX, built in 2023 and 100% occupied
- 3 bed / 2 bath units with approx. 1,400 SF per unit and listed approx. $1,896/mo rent per unit
- Year 1 NOI listed at $125,268
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Newly built, fully occupied townhome complex with value-add land for potential vertical development.
Where is this apartment building located?
The property is located at 18747 FM 2493 Flint, TX.
What is the asking price?
The asking price for this property is $2,541,000.
What are key features of this property?
This property features: Newly constructed The Shires: 8‑unit townhome complex in Flint, TX, built in 2023 and 100% occupied; 3 bed / 2 bath units with approx. 1,400 SF per unit and listed approx. $1,896/mo rent per unit; Year 1 NOI listed at $125,268
