3780 PHILBIN ROAD #41-49
Property Description
INVESTMENT OPPORTUNITY. NEW CONSTRUCTION! THIS BUILDING CONSISTS OF 9 TOWNHOUSES. EACH HOME IS A 4 BEDROOM, 2 BATHROOM WITH 1,590 SQUARE FEET. THIS WILL BE TURN KEY WITH KITCHEN APPLIANCES INSTALLED AND LANDSCAPING COMPLETED. LISTED AT $279,900 PER HOME, BELOW WHAT OTHERS HAVE SOLD FOR IN THE PAST. THIS IS A DISCOUNT FOR AN INVESTOR PURCHASING THE ENTIRE BUILDING. EACH HOME HAS MINI-SPLIT UNITS FOR AIR CONDITIONING. THERE IS A LARGE PARKING AREA, AND LARGE COMMONS AREA WITH WALKING PATH, DOG RUN, ETC. HOA IS $150 PER HOME, SO $1,350 FOR THE BUILDING OF 9 HOMES AND COVERS THE WATER BILL FOR THE TENANTS. EACH HOME SHOUD RENT FOR UP TO $1,950 PER MONTH SINCE OTHER HOMES ARE RENTED FOR THAT AMOUNT IN THE SAME AREA. $17,550 PER MONTH IN RENTAL INCOME. CONSTRUCTION WILL BE COMPLETE NEAR THE MIDDLE OF NOVEMBER 2026! THE INTERIOR PICTURES ARE FROM A SIMILAR BUILDING RECENTLY COMPLETED. AGENT OWNED.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $2,519,100 |
| No. of Units: | 9 |
| Year Built: | 2026 |
| Lot Size: | 6,360.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $279,900 |
| Property Website | Click Here |
| Number of Bedrooms: | 16 |
| Number of Bathrooms: | 8 |
ID: 3yd-GPARID-583846
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
19817 Montclair Way
Caldwell, Idaho
1495 CHENA PUMP ROAD
Fairbanks, Alaska
Brokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Greg Corbin
Northgate Real Estate Group
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout