3801 Meyers LnLacy Lakeview, TX 76705

Property Details for 3801 Meyers Ln

Year built

2024

Property size (Sq ft)

172,782 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

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.

Location Insight

City

Lacy Lakeview

County

McLennan

State

Texas

Latitude

31.6141

Longitude

-97.0998

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