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Princeton Duplexes 704 E College Ave 11 Unit Apartment Building $3,200,000 ($290,909/Unit) Princeton, TX 75407
INVESTMENT HIGHLIGHTS
- By increasing occupancy, currently 72.7%, to market levels and streamlining expenses, a Buyer could achieve significantly improved returns
- Value-add opportunities exist by lightly renovating interiors which may include counter tops, fixtures, new paint, new blinds, etc
- Surrounded by rapid residential development, including new single-family and multifamily communities that are driving increased consumer demand
- No required HOA Fees
- Located near national retailers such as Walmart Supercenter, Starbucks, CVS, and Tractor Supply Co., with continued commercial growth in the surroundi
- Spacious 4-bedroom and 3-bedroom units that average 1,650 square feet
EXECUTIVE SUMMARY
Vanguard Real Estate Advisors (“VREA”) is pleased to present the exclusive opportunity to purchase the Princeton Duplexes (“Property”) located in Princeton, Texas. This investment opportunity totals 11 units spread over 5.5 duplexes, all of which are part of a larger stand-alone subdivision, these average a spacious 1,650 square feet and are situated one mile north of Highway 380. The two-story duplex rental units were constructed in 2014, each with four bedrooms and two and a half bathrooms with the exception of one unit being a three bedroom configuration.
The Princeton Duplexes can benefit from a new investor making light interior renovations to the units and increasing occupancy in order to further enhance revenue. Upon a future exit, the Property provides investors the flexibility either to sell homes individually at full market/retail value to capitalize on the strong Duplex/Townhome demand or to exit as a rental portfolio.
To gain access to the full Offering Memorandum and Due Diligence Vault click on the link below:
Princeton Duplexes - Due Diligence Vault
Call us to schedule a tour.
A 2% co-broker fee is available to a Broker that sources a Principal that VREA has not previously contacted in any format or sent information to regarding this opportunity; a third party broker must register their client upon initial contact with VREA.
The Princeton Duplexes can benefit from a new investor making light interior renovations to the units and increasing occupancy in order to further enhance revenue. Upon a future exit, the Property provides investors the flexibility either to sell homes individually at full market/retail value to capitalize on the strong Duplex/Townhome demand or to exit as a rental portfolio.
To gain access to the full Offering Memorandum and Due Diligence Vault click on the link below:
Princeton Duplexes - Due Diligence Vault
Call us to schedule a tour.
A 2% co-broker fee is available to a Broker that sources a Principal that VREA has not previously contacted in any format or sent information to regarding this opportunity; a third party broker must register their client upon initial contact with VREA.
PROPERTY FACTS
| Price | $3,200,000 | Apartment Style | Single-Family Home |
| Price Per Unit | $290,909 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.62 AC |
| No. Units | 11 | Building Size | 18,153 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 2014 |
| Price | $3,200,000 |
| Price Per Unit | $290,909 |
| Sale Type | Investment |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | B |
| Lot Size | 0.62 AC |
| Building Size | 18,153 SF |
| No. Stories | 2 |
| Year Built | 2014 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Oven
- Range
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
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CONTACTS
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Jordan Cortez -
Justin Tidwell -
Will Droese -
Tim Marron -
Vanguard Real Estate Advisors
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Princeton Duplexes | 704 E College Ave
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