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106 Melody Ln
Wills Point, TX 75169

Melody Lane Apartments · Residential Property For Sale · 16 Units

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Investment Highlights

Historical EGI Growth
Strategic Location with Strong Demographics

High Historical Occupancy and Market Resilience

Executive Summary

Capstone is pleased to present the Melody Lane Apartments, a 16-unit apartment complex in the rapidly growing town of Wills Point, TX. Built in 1976 and with recent renovations, Melody Lane has seen major Effective Gross Income (EGI) growth throughout the current ownership cycle. Along with above average EGI growth, Melody Lane has sustained above average historical occupancy, proving tenant demand and the ability of tenants to weather rental rate increases. Lastly, Melody Lane is located in a flourishing submarket with limited rental housing supply, presenting a unique opportunity for investors seeking to deploy capital into a supply-constrained market with favorable economic fundamentals.

PROPERTY FACTS

Price Per Unit	£54,455	Building Size	22,244 SF
Sale Type	Investment	Average Occupancy	100%
No. Units	16	Number of Floors	2
Property Type	Residential	Year Built	1976
Property Subtype	Apartment	Parking Ratio	1.89/1,000 SF
Apartment Style	Low Rise	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Building Class	C

Price Per Unit	£54,455
Sale Type	Investment
No. Units	16
Property Type	Residential
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	C
Building Size	22,244 SF
Average Occupancy	100%
Number of Floors	2
Year Built	1976
Parking Ratio	1.89/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Unit Amenities

Air Conditioning
Dishwasher

Disposal
Heating

Refrigerator

Range

Unit Mix Information

Description	No. Units	Avg. Rent.Mo	SF
2+1	8	-	1,000
3+1	8	-	1,200

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