Wichita Falls, TX
Built in 2003/2005
11% annual cash-on-cash return
100% projected ROI within 6 years
Crescent Village & Crescent Plaza are two class B+ apartment communities totaling 88 single-story units (44 units each) located a couple of miles from each other in Wichita Falls, TX. Both were developed in the mid-2000s and were owned and managed by the original developer prior to our acquisition.
Both properties are well-located assets in high trafficked areas near many employment centers. Crescent Village is only 1 mile from Midwestern State Univerity and located across the street from the best Class A property in the city.