The sale includes 16 BRAND NEW duplex buildings for a total of 32 UNITS. This is a bundle sale. Duplex buildings will not be sold separately. Currently waiting on permits, construction will start in June and last units will be completed by November 2024. 6.3% cap rate based on pro forma from regional property manager. Sale includes: front and back landscaping, fencing on sides and back of all units, full appliance package (range oven, dishwasher, microwave, refrigerator, washer, dryer, water heater), blinds, and granite or quartz countertops in the kitchen. These included improvements make the properties truly TURNKEY. Each duplex will reside on its own parcel and as such can be sold independently at a future point.
