Source:
North Texas Real Estate Information Systems (NTREIS)
MLS#21422253
About the Property
Multifamily Investment Opportunity – Phase I Completed & Phase II Shovel-Ready
32-unit multifamily development consisting of 8 buildings with 4 units per building.
Phase I: First 3 buildings (12 units) were completed earlier this year. All 12 units are fully leased.
Phase II: Remaining 5 buildings (20 units) are shovel-ready for construction.
Utilities: Elec
Multifamily Investment Opportunity – Phase I Completed & Phase II Shovel-Ready
32-unit multifamily development consisting of 8 buildings with 4 units per building.
Phase I: First 3 buildings (12 units) were completed earlier this year. All 12 units are fully leased.
Phase II: Remaining 5 buildings (20 units) are shovel-ready for construction.
Utilities: Electricity, water, sewer, and fiber optics have already been brought to each of the 5 remaining building sites individually.
Roads & Parking: All roads and parking concrete flatwork have already been completed.
Site Plan: Fully approved by the City.
Architectural Plans: Completed and ready for permit submission.
Permitting: Plans for one of the remaining 5 buildings have already been submitted and reviewed by the City, with only a couple of minor comments left to address.
Construction Cost: Builders quote to complete the remaining 5 buildings is in hand and can be shared with interested, qualified buyers.
Asking Price: Includes the budgeted construction cost to complete all remaining 5 buildings (20 units).
Financial Information: Detailed financials and project pricing breakdown are available upon request.
Profit Potential: Estimated xxx in potential profit-equity upon completion of Phase II, based on current project estimates.
This is an opportunity to acquire an income-producing multifamily property with an additional 20 units ready for development. With major infrastructure, utilities, roads, parking, and site approvals already completed, the project offers a significant head start on Phase II construction and the potential for substantial additional equity upon completion.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the NTREIS Multiple Listing Service. Real estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.
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