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Hickory Hill Apartments 200 N Hickory Hill Rd 29 Unit Apartment Building $4,251,000 CAD ($146,586 CAD/Unit) Royse City, TX 75189
Investment Highlights
- Opportunity for value-add improvements or redevelopment to maximize returns.
- Strong rental demand supported by rapid population growth in Rockwall County.
Executive Summary
This multi-family property in Royse City, Texas, offers a significant investment opportunity in a rapidly growing suburban market. Built in 1986, the property sits on a 1.52-acre lot and includes multiple units configured as a quadruplex community. With 48 bedrooms and 20 bathrooms across the property, it is designed to accommodate multiple tenants, making it ideal for investors seeking stable rental income or those considering value-add improvements to enhance returns.
The property is located within Rockwall County and benefits from proximity to Interstate 30, providing direct access to Dallas and other major employment hubs in the region. Royse City continues to experience strong population growth, driven by its desirable location within the Dallas-Fort Worth metroplex. This asset’s scale, combined with its location in a high-demand rental market, positions it as a compelling option for long-term investors or developers looking to capitalize on the area’s growth trajectory.
The property is located within Rockwall County and benefits from proximity to Interstate 30, providing direct access to Dallas and other major employment hubs in the region. Royse City continues to experience strong population growth, driven by its desirable location within the Dallas-Fort Worth metroplex. This asset’s scale, combined with its location in a high-demand rental market, positions it as a compelling option for long-term investors or developers looking to capitalize on the area’s growth trajectory.
Property Facts
| Price | $4,251,000 CAD | Building Class | C |
| Price Per Unit | $146,586 CAD | Lot Size | 1.67 AC |
| Sale Type | Investment | Building Size | 23,396 SF |
| No. Units | 29 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1986 |
| Property Subtype | Apartment | Parking Ratio | 1.5/1,000 SF |
| Apartment Style | Garden |
| Price | $4,251,000 CAD |
| Price Per Unit | $146,586 CAD |
| Sale Type | Investment |
| No. Units | 29 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.67 AC |
| Building Size | 23,396 SF |
| No. Stories | 2 |
| Year Built | 1986 |
| Parking Ratio | 1.5/1,000 SF |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Carpet
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Playground
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 24 | - | - |
| 2+1 | 5 | - | 900 |
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Property Taxes
| Parcel Number | 29126 | Improvements Assessment | $385,949 CAD |
| Land Assessment | $90,163 CAD | Total Assessment | $476,112 CAD |
Property Taxes
Parcel Number
29126
Land Assessment
$90,163 CAD
Improvements Assessment
$385,949 CAD
Total Assessment
$476,112 CAD
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Hickory Hill Apartments | 200 N Hickory Hill Rd
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