Kanam Realty Group
Listed by Kanam Realty Group
$11,000,000
Apex Townhomes
Details
Property Type Multifamily
Sub Type Apartment Building, Townhomes
Square Footage 45,000
Units 37
Cap Rate 6.27%
NOI $690,000
Occupancy 98%
Price per SqFt $244
Class A
Year Built 2023
Buildings 6
Acreage 4.200
Zoning RESIDENTIAL PLANNED DEVELOPMENT
Investment Type Value Add
Occupancy Date 08/31/2023
Multifamily | 37 Units $283,784/unit
Marketing description
Turn key thirty-seven new construction townhomes are in
the process of being constructed with the first of six
buildings projected to be completed at the end of August.
Each townhome will be around 1,100sf with two bedrooms
and two ½ baths. The two bedrooms are on the second floor
each with their own full bath. They all have private entrances,
front porches, and a rear patio area. The kitchens will be
complete with granite countertops and stainless steel
appliances. Each unit is equipped with central air, forced air
(natural gas), and in-unit washers and dryers. There will be a
clubhouse with a gym, business center, and multi-use room.
The grounds will offer walking trails, a picnic area, a playground, and a pond.
Listing Contacts
Kanam Realty Group
Listed by Kanam Realty Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$690,000.00
$57,500.00/mo
Valuation Metrics
0
DSCR
6.27%
Cap Rate
6.27%
ROI
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