1750 Fm 423, Little Elm, TX 75036 – Apartment (4 - 20 units)

ApartmentsYear Built 2014Total Assessed Value $80,405,000County Denton

Property Details

The Apartments property 1750 Fm 423, Little Elm, TX 75036 is located in Denton County. The specific property type is Apartment (4 - 20 units). The total assessed value of this property is $80,405,000.

The gross building area is 358,298 square feet and the land area is 832,475 square feet for this Apartment (4 - 20 units) built in 2014.

Legal description: Towers On The Park Blk A Lot 1

$80,405,000

Market Value

8.00%

Cap Rate

N/A

NOI

N/A

Occupancy

$2,295

Avg Rent

Property Image of 1750 Fm 423, Little Elm, TX 75036, Apartments

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Property Information

Property TypeApartments

Sub Property TypeApartment (4 - 20 units)

Building Area358,298

Land Size832,475

Land Value$9,989,702

Improved Value$70,415,298

Total Assessed Value$80,405,000

Year Built2014

County NameDenton

Account Number667498

Cap Rate8.00%

Very Walkable

Good Transit

Bikeable

Amenities

Air ConditioningCentral

Parking Space501

HeatingCentral

PoolSwimming Pools

Type ConstructionOther

No of Stories1

Bedrooms13

Bathrooms12

PatioAvailable

Access Gates1

Jogging Trail1

Business Center1

Vaulted Ceilings1

Walk-in Closets1

Granite Countertops1

Number of Units384

Exterior WallsBrick veneer

Sales History

12/15/2021

Arms-length$665,000,000

Buyer

Bsr Overlook Apartments Llc

Seller

Towers Property Borrower Llc

Book Number

231841

Recording Date

12/15/2021

Transaction Details

Bsr Overlook Apartments Llc acquired the property from Towers Property Borrower Llc through a Arms-length transaction on 12/15/2021 for $665,000,000.

12/28/2020

Arms-lengthNot Disclosed

Buyer

Kou Daniel

Seller

Acosta Adela D

Book Number

2020.213859

Recording Date

12/28/2020

Transaction Details

Kou Daniel acquired the property from Acosta Adela D through a Arms-length transaction on 12/28/2020 for .

6/26/2019

Arms-length$45,831,300

Buyer

Texas Property Borrower Llc

Seller

Towers Property Holdings Llc

Book Number

2019-081217

Recording Date

6/26/2019

Transaction Details

Texas Property Borrower Llc acquired the property from Towers Property Holdings Llc through a Arms-length transaction on 6/26/2019 for $45,831,300.

10/17/2016

Arms-lengthNot Disclosed

Buyer

Towers Property Holdings Llc

Seller

Western Rim Investors 2012 1 Lp

Book Number

2016.131223

Recording Date

10/17/2016

Transaction Details

Towers Property Holdings Llc acquired the property from Western Rim Investors 2012 1 Lp through a Arms-length transaction on 10/17/2016 for .

Property constructed in 2014

YSale Price (USD) byXSales Year

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Mortgage History

12/15/2021

Helocs both purchase money and non purchase money helocs$500,000,000

Borrower

Bsr Overlook Apartments Llc

Lender

Bmo Harris Bank

Book Number

231842

Recording Date

12/15/2021

Transaction Details

Bsr Overlook Apartments Llc borrowed the property from Bmo Harris Bank through a Helocs both purchase money and non purchase money helocs transaction on 12/15/2021 for $500,000,000.

6/26/2019

Reo and trustee deeds$36,665,000

Borrower

Texas Property Borrower Llc

Lender

Cbre Capital Markets Inc

Book Number

2019.81218

Recording Date

6/26/2019

Transaction Details

Texas Property Borrower Llc borrowed the property from Cbre Capital Markets Inc through a Reo and trustee deeds transaction on 6/26/2019 for $36,665,000.

Property constructed in 2014

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Assessment History

Assessment Year ↓	Assessed Land Value ↕	Assessed Improved Value ↕	Assessed Total Value ↕	Market Value ↕	Owner Name ↕	Owner Address ↕	Legal Description ↕	Neighborhood Code ↕	Sub Division ↕	Land Size (SF) ↕	GBA (SF) ↕
2026	$9,989,702	$74,111,107	$84,100,809	$84,100,809	Bsr Overlook Apartme...	1400 W Markham St St...	Towers On The Park B...	Mf01G01A5	Sf0420A	832,475	358,298
2025	$9,989,702	$70,415,298	$80,405,000	$80,405,000	Bsr Overlook Apartme...	1400 W Markham St St...	Towers On The Park B...	MF01G01A2	Sf0420A	832,475	358,298
2024	$9,989,702	$69,010,298	$79,000,000	$79,000,000	Bsr Overlook Apartme...	1400 W Markham St St...	Towers On The Park B...	Mf01A2S09	Sf0420A	832,475	482,676
2023	$9,989,702	$61,369,298	$71,359,000	$71,359,000	Bsr Overlook Apartme...	1400 W Markham St St...	Towers On The Park B...	MF01A2S09	Sf0420A	832,475	482,664
2022	$9,989,702	$59,610,298	$105,472,171	$69,600,000	Bsr Overlook Apartme...	1400 W Markham St St...	Towers On The Park B...	MF01A2S09	SF0420A	832,475	482,664
2021	$9,989,702	$49,610,298	$59,600,000	$59,600,000	Texas Property Borro...	2600 Network Blvd St...	Towers On The Park B...	MF01A2S09	SF0420A	832,475	482,664
2020	$9,989,702	$47,410,298	$57,400,000	$57,400,000	Texas Property Borro...	2600 Network Blvd St...	Towers On The Park B...	MF01A2S09	SF0420A	832,475	482,664
2019	$9,512,028	$35,822,277	$45,334,305	$45,334,305	Texas Property Borro...	2600 Network Blvd St...	Towers On The Park B...	MF01A2S09	SF0420A	832,475	482,664
2018	$4,370,495	$49,329,505	$53,700,000	$53,700,000	Towers Property Hold...	C/o Caf Capital Parn...	Towers On The Park B...	MF01S10A1	SF0420A	832,475	482,664
2017	$5,827,326	$45,172,674	$51,000,000	$51,000,000	Towers Property Hold...	C/o Caf Capital Parn...	Towers On The Park B...	MF01S10A1	SF0420A	832,475	482,664

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Rent & Occupancy

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Comparables

Address ↕	Assessors Parcel Number ↕	Property Type ↕	Property Sub Type ↕	Owner Name ↕	County ↕	Miles ↕	Sale Price ↕	Sale Date ↕	Price / SF ↕	Year Built ↕	GBA ↕	Units ↕
1750 Fm 423, Little Elm, TX 75036	667498	Apartments	Apartment (4 - 20 units)	Bsr Overlook Apartments Llc	Denton	-	$ 665,000,000	2021-12-15	$ 1856.00	2014	358,298	384
5050 Fm 423, Frisco, TX 75036	653825	Apartments	Apartment (4 - 20 units)	Csimrw Sorrel Property Llc	Denton	2.7	$ 47,288,150	2025-02-18	$ 127.33	2014	371,385	352
26493 E University Dr, Aubrey, TX 76227	706438	Apartments	Apartment (4 - 20 units)	Pecos Housing Finance Corporation	Denton	6.5	$ 55,394,500	2025-02-26	$ 154.84	2016	357,742	416
3930 Accent Dr, Dallas, TX 75287	75290	Apartments	Apartment (4 - 20 units)	3939 East Trinity Mills Llc	Denton	12.3	$ 76,230,000	2024-10-01	$ 372.82	1999	204,470	500
3901 Accent Dr, Dallas, TX 75287	179781	Apartments	Apartment (4 - 20 units)	3939 East Trinity Mills Llc	Denton	12.2	$ 76,230,000	2024-10-01	$ 212.07	1995	359,462	500
350 Continental Dr, Lewisville, TX 75067	201287	Apartments	Apartment (4 - 20 units)	Mvr Apartments I Lp	Denton	11.9	$ 40,698,000	2024-10-18	$ 135.51	2003	300,324	304
905 Cleveland St, Denton, TX 76201	498438	Apartments	Apartment (4 - 20 units)	Gpl Midtown Propco Llc	Denton	14.6	$ 37,539,250	2024-09-27	$ 208.14	2010	180,355	120
3653 Timberglen Rd, Dallas, TX 75287	200559	Apartments	Apartment (4 - 20 units)	Wwc Lx Lp	Denton	11.2	$ 39,191,110	2025-07-17	$ 179.24	1999	218,648	276
3702 Frankford Rd, Dallas, TX 75287	199420	Apartments	Apartment (4 - 20 units)	Frankford Springs Borrower Llc	Denton	11.7	$ 54,789,350	2025-12-01	$ 156.64	1998	349,784	332
919 W Eagle Dr, Denton, TX 76201	556960	Apartments	Apartment (4 - 20 units)	919 Eagle Dr Ground Owner Llc	Denton	14.9	$ 32,252,500	2025-01-02	$ 201.58	2012	160,002	139
15901 Championship Pkwy, Fort Worth, TX 76177	1003641	Apartments	Apartment (4 - 20 units)	Champions Way Dfw Lp	Denton	25.1	$ 74,480,000	2025-09-30	$ 155.78	2023	478,113	-

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Lender Name ↕	Property Address ↕	Loan Date ↕	Mortgage Amount ↕	Land Size (SF) ↕	Year Built ↕	GBA (SF) ↕	Total Assessed Value ↕	Land Assessed Value ↕	Borrower ↕
—	1750 Fm 423, Little Elm, TX 75036	—	-	832,475	2014	358,298	$ 80,405,000	$ 9,989,702	-
Grandbridge Re Capital Llc	1152 Indian Run Dr, Carrollton, TX 75010	07/31/2025	$ 14,901,000	616,461	2003	222,993	$ 36,299,520	$ 3,698,766	Marbella Llc
Metlife Re Lending Llc	4501 Samuels Way, Frisco, TX 75033	06/18/2025	$ 42,000,000	295,816	2022	371,010	$ 60,060,000	$ 3,549,792	-
United Wholesale Mortgage Llc	218 Milton St UnitA-D, Lewisville, TX 75057	06/03/2025	$ 300,000	8,799	1974	4,900	$ 294,641	$ 140,786	Dunn Realty Investments Llc
Cbre Multifamily Capital Inc	7777 Adelaide St, Frisco, TX 75034	05/13/2025	$ 43,020,000	245,243	2017	332,361	$ 69,000,000	$ 1,961,942	Ca Maxwell Owner Llc
Citibank Na	307 N Loop 288, Denton, TX 76209	04/29/2025	$ 10,799,000	302,219	1970	114,309	$ 12,520,940	$ 1,511,095	Singing Oaks Llc
Capital One Na	5210 Long Prairie Rd, Flower Mound, TX 75028	03/25/2025	$ 30,638,000	675,049	1999	305,783	$ 56,586,607	$ 6,750,490	Sjs Lantana Llc
Regions Bank	26493 E University Dr, Aubrey, TX 76227	02/26/2025	$ 41,650,000	733,951	2016	357,742	$ 75,731,542	$ 13,211,121	Spi Aubrey 416 De Llc
Pnc Bank National Association	2411 S I35e, Denton, TX 76205	02/26/2025	$ 15,700,000	547,819	1986	232,942	$ 36,370,000	$ 3,286,916
Rangewater Capital Ii Llc	5050 Fm 423, Frisco, TX 75036	02/18/2025	$ 35,555,000	850,291	2014	371,385	$ 76,827,837	$ 5,952,038	Csimrw Sorrel Property Llc
Homewood Mortgage Llc	1901 Kingswood Ct, Denton, TX 76205	01/03/2025	$ 568,125	19,100	1975	5,474	$ 564,455	$ 114,600	Manning Investment Group Llc

Mean$ 24,415,025

Median$ 17,720,500.0

Loan Amount Range$ 300,000 - $ 157,700,000

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License Details

This details prefers to stay low-key.

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