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 $46,800. Other value add opportunities include capturing a rent premium through thoughtfully appointed, furnished residences while leveraging flexible lease terms to capitalize demand from corporate and short-term users.
21,790 Sq Ft
1.916 Acres privados Tamanho do lote
apartamento
Construído em 2010
MLS/ID do anúncio 21373678
24 Unidades
Heating - Electric
Lavadora
Micro-ondas
Fogão elétrico
Secadora
Parking - Parking Lot
Parking - On Site
Construction - Wood
Composição
Eliminação
Máquina de lavar louça
Construction - Stone Veneer
Construction - Fiber Cement
Cooling - Electric
Refrigeração - Ar condicionado central
Cooling - Ceiling Fans
Vinil
Slab
CUSTO MENSAL TOTAL
US$ 0
US$ 0
US$ 0
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