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 Özel Araziler Lot Büyüklüğü
daire
Yerleşik 2010
MLS/Liste Kimliği 21373678
24 Birimler
Mikrodalga
Elektrikli Ocak
Kurutucu
Parking - Parking Lot
Parking - On Site
Construction - Wood
Kompozisyon
İmha
Bulaşık makinesi
Construction - Stone Veneer
Construction - Fiber Cement
Cooling - Electric
Soğutma - Merkezi Klima
Cooling - Ceiling Fans
Vinil
Yıkayıcı
Heating - Electric
Slab
TOPLAM AYLIK MALİYET
$0
$0
$0
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