704 E College Ave - Apartments FOR SALE


Princeton, TX 75407- Rowlett/Wylie
$3,200,000 USD
214-556-1951
704 E College Ave, Princeton, TX for Sale
$3,200,000 USD
Apartments - FOR SALE
1/6
null | Request Cap Rate

704 E College Ave
Princeton, TX 75407
Rowlett/Wylie


HIGHLIGHTS

  • By increasing occupancy, currently 72.7%, to market levels and streamlining expenses, a Buyer could achieve significantly improved returns
  • No required HOA Fees
  • Value-add opportunities exist by lightly renovating interiors which may include counter tops, fixtures, new paint, new blinds, etc
  • Located near national retailers such as Walmart Supercenter, Starbucks, CVS, and Tractor Supply Co., with continued commercial growth in the surroundi
  • Surrounded by rapid residential development, including new single-family and multifamily communities that are driving increased consumer demand
  • Spacious 4-bedroom and 3-bedroom units that average 1,650 square feet

OVERVIEW

Vanguard Real Estate Advisors (“VREA”) is pleased to present the exclusive opportunity to purchase the Princeton Duplexes (“Property”) located in Princeton, Texas. This investment opportunity totals 11 units spread over 5.5 duplexes, all of which are part of a larger stand-alone subdivision, these average a spacious 1,650 square feet and are situated one mile north of Highway 380. The two-story duplex rental units were constructed in 2014, each with four bedrooms and two and a half bathrooms with the exception of one unit being a three bedroom configuration. 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 demand or to exit as a rental portfolio. To gain access to the full Offering Memorandum and Due Diligence Vault click on the link below: Princeton Duplexes - Due Diligence Vault Call us to schedule a tour, they are offered on the following dates: Wednesday 7/30, Tuesday 8/5, Thursday 8/14, & Tuesday 8/19 The Call For Offers date is Thursday 8/21 on or before 4:00PM CST. A 2% co-broker fee is available to a Broker that sources a Principal that VREA has not previously contacted in any format or sent information to regarding this opportunity; a third party broker must register their client upon initial contact with VREA.

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$176 USD /SF

# OF UNITS

11

PRICE/UNIT

$290,909

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Princeton Duplexes

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2014

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.62 AC

LAND SF

26,848 SF

ZONING

-

APN/PARCEL ID

R-9184-000-003A-1,R-9184-000-003B-1,R-9184-000-004A-1,R-9184-000-004B-1

ASK ABOUT THIS PROPERTY

Jordan CortezVanguard Real Estate AdvisorsMore Info
214-556-1951

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Jordan CortezVanguard Real Estate AdvisorsMore Info
214-556-1951

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.