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.

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