4.2± Prime, Developable Acres in Dallas-Fort Worth MSA

Investment Overview

Bankruptcy Sale: Eastern District of Texas (Sherman) Petition No. 24-40749 | In re: Serene District Townhomes, LLC Bid Deadline: On-Site Inspections: By Appointment Only Located in the northeastern suburbs of Dallas, this 4.2-acre parcel of land is fully entitled and shovel-ready for the development of 34 luxury townhomes. The development plans feature a mix of 3 bed/3 bath and 3 bed/2.5 bath townhomes with attached two-car garages. Rounding out the neighborhood are plans for a community center, pool and space for recreational sports, all located on the banks of Maxwell Creek. As the Dallas/Fort Worth MSA continues to grow, neighboring towns continue to benefit. Home prices in Collin County have risen considerably in just the last year, and this property will allow the next investor or developer to capitalize on that growth.

Investment Highlights

• Fully entitled for development of 34 luxury townhomes
• Unit mix: (14) 3 bed/3 bath; (20) 3 bed/2.5 bath
• Access to electricity, gas, telephone & water services on-site
• Collin County experienced a 3.55% increase in home value from 2023 to 2024