Princeton Duplexes
Multifamily | 9 Units
Marketing description
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 10-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.
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.
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.
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.
Investment highlights
Value-Add Opportunities
- By streamlining expenses, a Buyer could achieve significantly improved returns
- Ability to install a new management company to focus on enhancing the curb appeal
- Value-add opportunities exist by lightly renovating interiors which may include counter tops, fixtures, new paint, new blinds, etc
Strategic Location
- Located near national retailers such as Walmart Supercenter, Starbucks, CVS, and Tractor Supply Co., with continued commercial growth in the surrounding area
- Surrounded by rapid residential development, including new single-family and multifamily communities that are driving increased consumer demand
- Situated one mile north of U.S. Highway 380, a rapidly expanding east-west corridor that connects Princeton to McKinney and the broader Dallas-Fort Worth Metroplex. The Dallas Central Business District is only 22 miles south
Distinctive Duplex Units
- Well-maintained duplex units built in 2014
- Spacious 4-bedroom and 3-bedroom units that average 1,650 square feet
- Consisting of 9 units
- In-unit amenities include washer and dryer hook ups, ceiling fans, and all black appliances
All Cash Opportunity
- The Property is being offered on an All-Cash basis, allowing a new investor the ability to place new debt on at closing
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Is there information that looks off?
