175 Private Road 3459 16 Unit Apartment Building $4,131,300 CAD ($258,206 CAD/Unit) 5.68% Cap Rate Paradise, TX 76073

Paradise Duplexes presents an opportunity to acquire an income-producing multifamily asset in Wise County, Texas. The property consists of 15 total acres and includes eight duplex buildings containing two-bedroom, two-bathroom units with carports. The offering combines existing rental income with future development potential through approximately 7.5 acres of remaining land available for additional improvements or expansion, subject to applicable approvals.
Located along State Highway 114, the property benefits from regional connectivity to the Dallas-Fort Worth Metroplex while maintaining a position within the growing Wise County market. Paradise is situated approximately six miles southwest of Decatur, providing access to retail, dining, healthcare services, and employment centers that support residential demand. The combination of existing multifamily operations and undeveloped acreage offers investors multiple avenues for value creation, including continued rental operations, future development, or a phased investment strategy.
The offering is being marketed at $3,000,000 with a stated cap rate of 5.68%. Historical occupancy has been reported as strong, supporting the property's established rental profile. The existing unit mix, acreage position, highway access, and development potential create a diversified investment opportunity within a market that provides access to both local demand drivers and the broader Dallas-Fort Worth region.