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22488256
22488258

2 Locations

Engvest Group - eXp Realty
Engvest Group - eXp Realty
DE
TX TX 0514529
Engvest Group - eXp Commercial
CW
TX 0570017
Engvest Group - eXp Commercial
Listed by Engvest Group - eXp Realty, Engvest Group - eXp Commercial
$2,300,000
435 days on market
Updated 36 days ago
Opportunity zone

Class A New Construction, Six-Duplex Portfolio in Orange, TX

Details
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Square Footage 14,400
Units 12
Cap Rate 6.50%
NOI $148,884
Occupancy 100%
Pro-Forma Cap Rate 8.29%
Pro-Forma NOI $190,621
Price per SqFt $160
Class A
Year Built 2020-2024
Buildings 6
Stories 1
Acreage 1.823
Parking Spaces per unit
Investment Type Stabilized
Occupancy Date 05/31/2024
Ground Lease No

Class A New Construction | Six-Duplex Portfolio | 12 Units - 6.5% Cap

Marketing description

Seize a rare opportunity to acquire a new construction, Class A duplex portfolio in Orange, Texas, offering stable cash flow on day 1 with strong growth potential. As the only luxury community in the city, this six-duplex portfolio (12 units total) is fully leased with room for rental growth, ensuring immediate income with upside potential and strong tenant demand.

Designed for efficiency and long-term profitability, each unit features separate utility meters, tenant-covered lawn maintenance, and all-electric systems, minimizing owner expenses and maximizing net operating income. The low-maintenance, high-quality construction provides durability while reducing capital expenditures.

Strategically located just 3.5 miles from the $8.5 billion Chevron Phillips Polymer Project, this portfolio sits at the heart of a booming job market, with billion-dollar industrial expansions from Chevron, ExxonMobil, and major LNG projects driving long-term housing demand. The city's rapid growth is further supported by new retail and residential developments, ensuring continued appreciation.

Investment highlights

Fully leased with room to increase rents

6.5% cap rate with upside potential

Only Class A new construction rental community in the city

Portfolio of six high-quality duplexes

Just 3.5 miles from the $8.5B Chevron Phillips Polymer Project

Rental demand fueled by industrial expansion and job growth

Strong long-term stability in a high-growth market

All-electric units with separate meters for streamlined operations

Tenant-paid utilities for lower operating costs

Tenant-covered lawn maintenance for minimal owner expenses

All-electric units with separate meters for streamlined operations

Located near major employers, retail, and new developments

Listing Contacts

Engvest Group - eXp Realty
Engvest Group - eXp Realty
DE
TX TX 0514529
Engvest Group - eXp Commercial
CW
TX 0570017
Engvest Group - eXp Commercial
Listed by Engvest Group - eXp Realty, Engvest Group - eXp Commercial

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$148,884.00
$12,407.00/mo

Valuation Metrics

0
DSCR
6.47%
Cap Rate
6.47%
ROI

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Additional Information

Name
Leyla Barchett
License
0728222
Brokerage
eXp Realty, LLC
Title
Broker of Record
Name
Daniel Eng
License
TX 0514529
Brokerage
Engvest Group | eXp Commercial
Title
President
Brokerage Address
7005 Chase Oaks Blvd Suite 200
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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