Located in Center, TX, Town Square presents an opportunity to acquire a stabilized, mixed-use investment featuring 24 units consisting of one- and two-bed floorplans alongside 4 commercial office spaces in a modern development completed in 2011. Purpose built to serve both long-term residents and corporate housing demand, most units come fully furnished, and all are equipped with in-unit washers and dryers and internet, offering a true turnkey living experience. With an ideal location walking distance to downtown, Town Square benefits from Shelby County’s various economic drivers including energy, manufacturing and government employment. Additionally, the commercial component provides diversified income with existing tenancy and additional leasing upside. With newer construction, minimal anticipated capital expenditures, a diversified revenue stream, and one of the few professionally managed market-rate apartment communities in the area, Town Square offers investors a combination of stable in-place cash flow and long-term value creation opportunities. Investors can boost NOI by leasing out two vacant office spaces. Owners spent $75k finishing them out, complete with HVAC, electric, plumbing, kitchen, bathrooms, and individual offices. Asking lease rates will be $2,200 for the larger space and $1,700 for the smaller unit, bringing annual gross potential to $46,800. Other value add opportunities include capturing a rent premium through thoughtfully appointed, furnished residences while leveraging flexible lease terms to capitalize demand from corporate and short-term users.
21,790 Sq Ft
1.916 프라이빗 에이커스 롯트 크기
아파트
Built in 2010
MLS/리스팅 ID 21373678
24 유닛
Heating - Electric
세탁기
전자레인지
전기 레인지
드라이어
Parking - Parking Lot
Parking - On Site
Construction - Wood
구성
폐기
식기세척기
Construction - Stone Veneer
Construction - Fiber Cement
Cooling - Electric
냉방 - 중앙 에어컨
Cooling - Ceiling Fans
비닐
슬래브
월 총 비용
US$0
US$0
US$0
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