JM Lakeside LLC Acquires Lakeside Village Multifamily In Wylie, Texas

The sale of Lakeside Village, a 76-unit apartment community located at 301 West Kirby Street in Wylie, Texas, has been facilitated by Marcus & Millichap. The property spans 65,200 square feet and sits on 2.12 acres of land, showcasing significant value-add potential through ongoing interior upgrades.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: Not provided
• Units: 76
• Square Footage: 65,200
• Address: 301 West Kirby Street
• Market: Wylie

Bard Hoover, Chris Pearson, and Nick Fluellen from Marcus & Millichap played crucial roles as brokers in this transaction, representing the buyer, JM Lakeside LLC, and the seller, Wolfe Kirby LLC. The property garnered significant interest with over 30 offers, highlighting its appeal in the market and the potential for achieving $125 increases in monthly rents through interior upgrades.