Park Central at Flower Mound — Sale in Flower Mound, TX

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Flower Mound, TX 75028
  • Year built: 2012

Photos

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Description

JLL as advisor is pleased to present Park Central at Flower Mound, located at 4200 Broadway Avenue, Flower Mound, Texas. This is a unique investment opportunity to acquire a luxurious 2012-built, Class “A” multifamily asset in a high-demand submarket with formidable barriers to entry. Positioned in an excellent school district, Park Central spans 307 units across 282,169 SF with an enviable occupancy rate of 91.9% . Offering strategic easy access to major landmarks like the DFW International Airport and Grapevine Mills Mall, it caters to an affluent demographic, characterized by an average household income of $171K and 83% white-collar employment . Capital improvements exceeding $3.6 million include upgrades in HVAC systems and amenity modernization, enhancing its investment promise. The property also boasts 370+ parking options, including 161 detached garages, fostering tenant retention in a submarket with a paucity of transactions. With an esteemed educational district drawing families, high land prices, and regulatory restrictions on new developments, Flower Mound offers a compelling growth narrative. Limited market supply underscores the superior value proposition, highlighting 50% below-replacement costs . This asset provides investors a significant value-add upside through untapped income opportunities like tech packages and additional parking. The projected additional annual revenue potential is approximately $477,300 , representing a robust strategy for increasing cash flow stability and maximizing returns.

Market Context

This multifamily in Flower Mound, TX is listed for sale. The building dates to 2012. Compare it against other multifamily listings for sale in Flower Mound, TX — view the full market.

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