Bring your next multifamily project to Timbercreek Addition in Wellington, Kansas! Offered at $155,000, this development opportunity includes six duplex lots, one fourplex lot, and an additional 10.6 beautiful wooded acres directly behind the developed lots.
The upfront work has already been done—the developed lots have utilities in place and are ready to build, offering the potential for up to 16 additional rental units across the six duplex lots and fourplex lot.
The 10.6 wooded acres add another unique element, providing natural beauty, privacy, and additional land to control for future possibilities.
Investors and builders may also take advantage of an available 5-year, 95% tax abatement, adding even more appeal to the development opportunity.
Want income from day one? A fully occupied, 2019-built duplex is separately available for $275,000, creating the opportunity to acquire existing cash flow alongside future development potential.