Description
Build your own investment. This investor special is ready to be put together. This project has an approved plan for 6-2 bedroom units. !!!!Just updated to 9-2 bedroom units!!!! Each unit is spec’ed at having a washer and dryer hookup along with air conditioning. These will be top of the market brand new rentals achieving top rents. Proforma was based on current middle rents. 9 units @$1,400 per month = $151,200 per year minus trash, estimated taxes & misc =$141,9009% cap rate = $1,577,000 value$400,000-$450,000 estimated construction costs to get there $1,577,000 minus $450,000 construction costs minus purchase price= instant equity!
-
0BEDS
-
0.27ACRES
-
0BATHS
-
01/2 BATHS
Description
Build your own investment. This investor special is ready to be put together. This project has an approved plan for 6-2 bedroom units. !!!!Just updated to 9-2 bedroom units!!!! Each unit is spec’ed at having a washer and dryer hookup along with air conditioning. These will be top of the market brand new rentals achieving top rents. Proforma was based on current middle rents. 9 units @$1,400 per month = $151,200 per year minus trash, estimated taxes & misc =$141,9009% cap rate = $1,577,000 value$400,000-$450,000 estimated construction costs to get there $1,577,000 minus $450,000 construction costs minus purchase price= instant equity!
©2026 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Jim Powers Team- Berkshire Hathaway Home Services Homesale Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2026-01-22T19:53:08.893.