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3801 Meyers LnLacy Lakeview, TX 76705

For Sale
$49,800,000

Class A, 214 Units, High ROI

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
97
Exceptional investment opportunity: The Zoe Luxury Apartments, a Class A, 214-unit apartment building in Lacy Lakeview, Texas (76705), is now available for $49,800,000. Completed in 2024, this six-building complex boasts 172,782 square feet and offers a mix of one- and two-bedroom units, each averaging $232,710. The property features a pro-forma cap rate of 5.02% and a pro-forma NOI of $2,497,841, with current occupancy at 25%. Since its June 15, 2024 opening, leasing velocity has been strong, averaging 30 units per month, projecting stabilization within six months. Residents enjoy an array of amenities including a pool, garage parking, clubhouse, pickleball court, fitness center, and BBQ area, with utility reimbursement included. This property presents a compelling opportunity for investors seeking a high-performing, newly constructed multifamily asset in a growing Texas market. The property is located at 3801 Meyers Ln, Lacy Lakeview, TX 76705. Expected annual rents exceed $3.5 million.

Highlights

  • $49,800,000 asking price for this Class A multifamily property.
  • 214-unit apartment building completed in 2024.
  • Offers a mix of one- and two-bedroom units.
  • Six residential buildings and six ancillary buildings on the site.
  • Attractive amenities include a pool, garage parking, clubhouse, pickleball court, fitness center, and BBQ area, plus utility reimbursement.
  • Strong leasing velocity of 30 units per month since opening June 15, 2024.

Property Details for 3801 Meyers Ln

Property type
Multifamily properties, Apartment buildings
Square Feet
172,782 SF
Class
A
Year Built
2024
Buildings
6
Stories
3
Units
214

Location Insight

City
Lacy Lakeview
County
McLennan
State
Texas
Latitude
31.6141219
Longitude
-97.0998229
3801 Meyers Ln, Lacy Lakeview, Texas

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Contacts

Donny Henes
Donny Henes
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3801 Meyers Ln, Lacy Lakeview, Texas, 76705

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

3801 Meyers Ln
  • Donny Henes
    Donny Henes
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