11802 East Main Avenue
New Construction - 42 Unit Apartment Complex - 2Bed/2Bath and 1Bed/1Bath Units
Marketing description
New Construction "42 Unit Mason Apartment Complex" nearly an Acre site! There are 36 - 2 Bedroom/2 Bathroom Units and 6 - 1 Bedroom/1 Bathroom Units. Each Unit to be Well Appointed to include Hard Surface Countertops and Laminate Floor Throughout. 85 Parking Spots (with 12 EV Stalls). All Units have full appliance packages, incl washer and dryer, and private patio/deck. The Ceilings are 10' and Primary bedrooms have walk-in closets. All Units have mini-splits or PTAC units for heating/cooling. Security Gate is Roughed-in for Parking Lot - Asphalt is done and parking lines painted! Rent Study - 1 Bed/1 Bath Units (6 total) at $1,350.00 each and 2 Bed/2 Bath (36 total) at $1,825.00 each for a monthly estimate of $73,800. Total Income - $885,600. Total Annual Expenses - $243,008. NOI - $624,879. Approx Completion Date is July 2026.
Investment highlights
36 - 2 Bedroom/2 Bathroom Units and 6 - 1 Bedroom/1 Bathroom Units. 85 Parking Spots (with 12 EV Stalls). Rent Study - 1 Bed/1 Bath Units (6 total) at $1,350.00 each and 2 Bed/2 Bath (36 total) at $1,825.00 each for a monthly estimate of $73,800. Total Annual Income - $885,600. Total Annual Expenses - $243,008.64. NOI - $624,879.36. Approx Completion Date is July 2026.
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