Description
INVESTOR rental / development opportunity. 9 units with Certificate of Occupancy ready to rent or sell with plans and room to build out 42 more units. Start making money from the start while you continue to develop the remainder of the units. Village Del Mar is a waterfront development located Lake Grassy, great for recreation. There are 4, townhomes in the two story building which contain 3 bedrooms and 2.5 baths. There are 5, 2 bedroom 2 bath units in the one story building. These units were constructed with Spanish flair, barrel tile roofs, high end quality fixtures, granite countertops, trayed ceilings, tiled showers, jetted tubs, soaring ceilings, on demand hot water heaters, iron railings, leaded glass doors, brick pavers and more. Our rental market has a shortage of availability and units should fill up quickly if rentals is your objective. Estimated rental rates of $1,200 - $1,500 per unit for an estimated monthly income of $12,000 for the 9 existing units.
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22BEDS
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6.03ACRES
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18BATHS
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91/2 BATHS
School Ratings & Info
Description
INVESTOR rental / development opportunity. 9 units with Certificate of Occupancy ready to rent or sell with plans and room to build out 42 more units. Start making money from the start while you continue to develop the remainder of the units. Village Del Mar is a waterfront development located Lake Grassy, great for recreation. There are 4, townhomes in the two story building which contain 3 bedrooms and 2.5 baths. There are 5, 2 bedroom 2 bath units in the one story building. These units were constructed with Spanish flair, barrel tile roofs, high end quality fixtures, granite countertops, trayed ceilings, tiled showers, jetted tubs, soaring ceilings, on demand hot water heaters, iron railings, leaded glass doors, brick pavers and more. Our rental market has a shortage of availability and units should fill up quickly if rentals is your objective. Estimated rental rates of $1,200 - $1,500 per unit for an estimated monthly income of $12,000 for the 9 existing units.
© 2021 Heartland Association of Realtors, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Compton Realty. Data last updated: 2021-03-07T08:42:26.963.