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 私人莊園 地塊面積
公寓
內建於 2010
MLS/房源編號 21373678
24 單位
Heating - Electric
墊圈
微波爐
電爐
乾衣機
Parking - Parking Lot
Parking - On Site
Construction - Wood
組成
處置
洗碗機
Construction - Stone Veneer
Construction - Fiber Cement
Cooling - Electric
冷卻 - 中央空調
Cooling - Ceiling Fans
乙烯基
Slab
每月總成本
US$0
US$0
US$0
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