Princeton Duplexes

Highlights:

• By increasing occupancy, currently 72.7%, to market levels and streamlining expenses, a Buyer could achieve significantly improved returns
• Ability to install a new management company to focus on enhancing the curb appeal
• Value-add opportunities exist by lightly renovating interiors which may include counter tops, fixtures, new paint, new blinds, etc
• Located near national retailers such as Walmart Supercenter, Starbucks, CVS, and Tractor Supply Co., with continued commercial growth in the surrounding area
• Surrounded by rapid residential development, including new single-family and multifamily communities that are driving increased consumer demand
• Situated one mile north of U.S. Highway 380, a rapidly expanding east-west corridor that connects Princeton to McKinney and the broader Dallas-Fort Worth Metroplex. The Dallas Central Business District is only 22 miles south
• Well-maintained duplex units built in 2014
• Spacious 4-bedroom and 3-bedroom units that average 1,650 square feet
• In-unit amenities include washer and dryer hook ups, ceiling fans, and all black appliances

Description:

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. Per the seller, there will be no HOA fees required.

To gain access to the full Offering Memorandum and Due Diligence Vault click on the link below:
https://docsend.com/view/s/rsk8s83mj5564br4

Call us to schedule a tour, they are offered on the following dates:
Wednesday 7/30, Tuesday 8/5, Thursday 8/14, & Tuesday 8/19

The Call for Offers date is Thursday 8/21 on or before 4:00PM CST.

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.

Documents: