Princeton Duplexes

Highlights:

• 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 price was recently reduced from $3,200,000 down to $2,860,000.

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 sales in market or to exit as a rental portfolio.

Additionally, each duplex is available for individual purchase at the same asking price of $157.55 per square foot. The one stand-alone unit that makes up half of one duplex is also available for individual purchase. Please give us a call to discuss if interested.

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.

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.

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