Vanguard Real Estate Advisors (“VREA”) is pleased to present the exclusive opportunity to purchase the Princeton Duplexes (“Property”) located in the northern Dallas-Fort Worth suburb of Princeton, Texas. This investment opportunity totals 9 duplex units, part of a large stand-alone subdivision, which average a spacious 1,642 square feet and is situated one mile north of Highway 380, which leads directly to Highway 75, connecting to the Dallas-Fort Worth MSA. The two-story duplex rental style units were constructed in 2014, each with four bedrooms and two and a half bathroom floor plans with the exception of one unit being a three bedroom. All exteriors are partial or full brick with attached garages. Princeton’s highly rated public schools, rated A-, are very attractive for families with children which make up a significant portion of Property’s tenants. 719 College Street, the only 3-bedroom unit, has a neighboring unit, which the owner would consider selling if a buyer is interested, making it a 12-unit deal. The Property is being sold by its original developer. The price was recently reduced from $290,900/unit down to $260,000/unit.
The Princeton Duplexes can benefit from a new investor making light interior renovations to the units and increasing occupancy in order to further enhance revenue. Upon a future exit, the Property provides investors the flexibility either to sell homes individually at full market/retail value to capitalize on the strong Duplex/Townhome sales in market or to exit as a rental portfolio.
Unit amenities include such as dishwashers, ceiling fans, washer and dryer connections, and walk-in closets.
Additionally, each duplex is available for individual purchase at the same asking price of $260,000 per unit. The one stand-alone unit that makes up half of one duplex is also available for individual purchase.
Please give us a call to discuss if interested.