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Harrison Lilly

| Harrison Lilly Realty Dallas | Harrison Lilly Realty | PLACE

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403 Nacogdoches St , Center, TX 75935
$3,700,000
Est. Payment: $20,781.94/mo
32 Bed
32 Bath
21790 Sqft
1.92 Acres
Status: active | Days on site: 41
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House Description

Located in Center, TX, Town Square presents an opportunity to acquire a stabilized, mixed-use investment featuring 24 units consisting of one- and two-bed floorplans alongside 4 commercial office spaces in a modern development completed in 2011. Purpose built to serve both long-term residents and corporate housing demand, most units come fully furnished, and all are equipped with in-unit washers and dryers and internet, offering a true turnkey living experience. With an ideal location walking distance to downtown, Town Square benefits from Shelby County’s various economic drivers including energy, manufacturing and government employment. Additionally, the commercial component provides diversified income with existing tenancy and additional leasing upside. With newer construction, minimal anticipated capital expenditures, a diversified revenue stream, and one of the few professionally managed market-rate apartment communities in the area, Town Square offers investors a combination of stable in-place cash flow and long-term value creation opportunities. Investors can boost NOI by leasing out two vacant office spaces. Owners spent $75k finishing them out, complete with HVAC, electric, plumbing, kitchen, bathrooms, and individual offices. Asking lease rates will be $2,200 for the larger space and $1,700 for the smaller unit, bringing annual gross potential to $46,800. Other value add opportunities include capturing a rent premium through thoughtfully appointed, furnished residences while leveraging flexible lease terms to capitalize demand from corporate and short-term users.

Highlights

Listed by Esther Cho , GSFREA LLC , North Texas Real Estate Information Systems

Property Type

Multi-Family

Lot/Acreage
1.92

Year Built

2010

County

Shelby

Neighborhood

Not Applicable

School District

Center ISD

Listing ID

21373678

Questions about this listing?

Contact Agent

Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:32
  • ▪ Bathrooms:32
  • ▪ Full Bathrooms:32
Appliances:Dishwasher, Disposal, Dryer, Electric Range, Microwave, Washer
Air Cond:Ceiling Fan(s),Central Air,Electric
Fireplaces:
Floor:Vinyl
Other:
  • ▪ Additional:Cable TV Available, High Speed Internet Available

Exterior Features

Garage Capacity:45
Roof:Composition
Others:
  • ▪ Additional:Preowned
Parking Features:On Site,Parking Lot
Principal Interest
$20,782
Taxes
$3,315

Home Price

$3,700,000

Loan Details

30 yrs
7.542%

Down Payment

20%
$740,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$20,781.94

Principal

Taxes

Principal Taxes HOA Total
Monthly $20,781.94 $3,315.08 $0.00 $24,097.03
Yearly $249,383.33 $39,781.00 $0.00 $289,164.33
Total $7,481,499.97 $1,193,430.00 $0.00 $8,674,929.97

Today's Rates

30 Year

7.54%

20 Year

7.2%

15 Year

6.73%

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Market insight data is pulled from the same city as the listing being viewed (Center, TX).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by North Texas Real Estate Information Systems Multiple Listing Service, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-10-11T04:08:28.497Z

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