Description
Rare opportunity to acquire 14 units priced at $41,000 per unit. 7 occupied Duplexes (14 units) in Bryan's new Midtown Corridor and only a short walk to the new Midtown Park! Also only one street from Bombers stadium. Four 2bed/1bath units & ten 1bed/1bath units. Average rent is $500 per unit generating a $7,000 gross rents per month. $84,000 gross per year equating to a 14.6% gross return. New roofs to be installed soon. Needs some updates inside, but priced accordingly. The Midtown planned development includes new restaurants & a new baseball themed plaza area for food trucks! Planned improvements to infrastructure and amenities along Carson St. & Bombers Ave. will transform this area into the key northern access point for the new park complex. Construction of new softball & baseball fields (as well redevelopment of the existing ones) are designed around creating an enhanced Bombers Park game day experience. This area is 1 of 3 catalytic projects identified in the midtown plan. Bryan city council has already approved over $70,000,000 to the Midtown park & the Midtown Corridor. New survey on file. Property is being sold as-is and priced accordingly.
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0BEDS
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0.96ACRES
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0BATHS
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01/2 BATHS
School Information
Description
Rare opportunity to acquire 14 units priced at $41,000 per unit. 7 occupied Duplexes (14 units) in Bryan's new Midtown Corridor and only a short walk to the new Midtown Park! Also only one street from Bombers stadium. Four 2bed/1bath units & ten 1bed/1bath units. Average rent is $500 per unit generating a $7,000 gross rents per month. $84,000 gross per year equating to a 14.6% gross return. New roofs to be installed soon. Needs some updates inside, but priced accordingly. The Midtown planned development includes new restaurants & a new baseball themed plaza area for food trucks! Planned improvements to infrastructure and amenities along Carson St. & Bombers Ave. will transform this area into the key northern access point for the new park complex. Construction of new softball & baseball fields (as well redevelopment of the existing ones) are designed around creating an enhanced Bombers Park game day experience. This area is 1 of 3 catalytic projects identified in the midtown plan. Bryan city council has already approved over $70,000,000 to the Midtown park & the Midtown Corridor. New survey on file. Property is being sold as-is and priced accordingly.
© 2021 Bryan-College Station Regional Multiple Listing Service. 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. Data is deemed reliable but is not guaranteed accurate by the MLS or Chapman Properties Group. Data last updated 2021-02-27T19:33:28.317.
Listing information © 2021 Bryan-College Station Regional Multiple Listing Service. Listing provided courtesy of Brandon Stribling of Re/Max Bryan-College Station.