Meadowview Apartments

520 Deshong Drive, Paris, TX 75460

Meadowview Apartments is a beautifully renovated 35-unit multifamily community located in Paris, TX, the county seat of Lamar County, in East Texas. The property was constructed in 1960 and underwent an extensive renovation in 2021/2022. The property is situated on 1.35 acres. The property is comprised of one two-story apartment building with brick veneer and a new composition shingle roof replaced in 2021. 

A separate building houses the management office and coin-operated laundry facilities as well as a 2 bedroom unit. The property offers 8 studio and 26 one-bedroom units featuring an open floor plan concept, remodeled kitchens and bathrooms, modern fixtures and finishes, new windows, oversized walk-in closets, and porcelain tile flooring throughout. Residents enjoy the property’s convenient location a short distance from major employers, shopping, dining, and conveniences.  

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Highlights

  • Extensive Renovation: Over $580,000 in capital expenditures within the last 3 years, ensuring modernized units with sleek black appliances, granite countertops, energy-efficient windows, and more, attracting tenants seeking upgraded living spaces.
  • Prime Location: Situated on 1.35 acres amidst Paris's major employers, including Paris Regional Health, Campbell's Soup, and Kimberly Clark, ensuring a consistent demand for housing from corporate professionals due to proximity to top workforce employers.
  • Stable Occupancy: Currently at 100% occupancy with a waiting list, offering immediate cash flow for a new buyer. Potential for increased revenue through rent adjustments, allowing for immediate upside potential.
  • Opportunity Zone Benefits: Located within an Opportunity Zone, providing potential tax benefits for prospective buyers. The current ownership is open to discussing the sale of the LLC associated with the property's Opportunity Zone status.
  • Value-Add Potential: Opportunity for new ownership to further increase income through additional charges or implementing additional revenue streams, leveraging the already established amenities and services like on-site parking, coin-operated laundry, and a leasing office.

Contacts

broker

Todd Franks

GREA

(972) 916-9397

broker

Jeff Burgfechtel

GREA

(972) 619-5007

broker

Zack Del Medico

GREA

(214) 909-4936

Location

Getting Around

  • Walk Score ®

    25/100 Car-Dependent

  • Bike Score ®

    32/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Paris, TX
  • Zip Code 75460

Points of Interest

  • Mobil

    0.25 miles

  • Exxon

    0.31 miles

  • Love's

    0.82 miles

  • Phillips 66

    1.53 miles

  • Brookshire's Gas

    1.62 miles

  • Shamrock

    1.72 miles

  • Shell

    1.84 miles

  • Exxon

    1.99 miles

  • CEFCO

    2.11 miles

  • Valero

    2.15 miles

  • paddock

    7.46 miles

  • American Inn & Suites

    0.30 miles

  • Days Inn by Wyndham Paris

    0.31 miles

  • Extended Stay America

    1.72 miles

  • Kings Inn Motel

    1.78 miles

  • Comfort Inn & Suites

    1.89 miles

  • Holiday Inn Express & Suites

    1.90 miles

  • Paris Inn & Suites

    1.93 miles

  • La Quinta Inn

    2.08 miles

  • Baymont by Wyndham Paris

    2.55 miles

  • Quality Inn

    2.60 miles

  • Catfish King

    0.14 miles

  • Whataburger

    0.17 miles

  • Popeyes

    0.21 miles

  • Taco Casa

    0.22 miles

  • Subway

    0.36 miles

  • Chili's

    0.40 miles

  • Sunrise Diner

    0.51 miles

  • Domino's

    1.80 miles

  • Casa del Mare Italian

    1.80 miles

  • Torres Mochas

    1.81 miles

  • Cecil Everett Elementary School

    0.52 miles

  • North Lamar High School

    0.55 miles

  • Frank Stone Middle School

    0.56 miles

  • Geneva Bailey Intermediate School

    0.72 miles

  • Givens Elementary School

    0.74 miles

  • W L Higgins Elementary School

    0.77 miles

  • Justiss Elementary School

    1.82 miles

  • Aikin Elementary School

    2.29 miles

  • Crockett Intermediate School

    2.52 miles

  • Cedar Hill School

    2.52 miles

Frequently Asked Questions

What is the lease rate for Meadowview Apartments?

Rental asking rate at Meadowview Apartments is $875,000.00/YR.

What is the total square footage of Meadowview Apartments?

Meadowview Apartments totals 19,400 square feet.

When was this property built?

Meadowview Apartments was built in 1960.

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