Listed by Drake Real Estate & Investments
$2,541,000
The Shires - New 8 Unit Townhome Complex
Details
APN R144266
Property Type Multifamily
Sub Type Apartment Building
Square Footage 12,888
Net Rentable (SqFt) 11,412
Units 8
Occupancy 100%
Class A
Year Built 2023
Buildings 1
Stories 2
Acreage 2.068
Zoning R-3
Investment Type Stabilized
Multifamily | 8 Units
Marketing description
Newly constructed and 100% occupied 8-unit townhome complex in Flint, Texas with value-add upside! Purchasers will have the opportunity to develop 20 more units on an additional 1.5 acres primed for vertical construction.
SEE OM FOR COMPLETE DETAILS!
Investment highlights
- Year 1 NOI: $125,268
- Additional land + infrastructure for developers
- Per Unit: 3 bedroom / 2 bathroom | ~ $1,896 rent / mo. | ~ 1,400 SF
- 16 parking spots (2 per unit)
- Modern interior finishes
Listing Contacts
Listed by Drake Real Estate & Investments
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