10520 Tube Drive
Property Description
Multifamily Investment Opportunity - Phase I Completed & Phase II Shovel-Ready 32-unit multifamily development consisting of 8 buildings with 4 units per building. Phase I: First 3 buildings (12 units) were completed earlier this year. All 12 units are fully leased. Phase II: Remaining 5 buildings (20 units) are shovel-ready for construction. Utilities: Electricity, water, sewer, and fiber optics have already been brought to each of the 5 remaining building sites individually. Roads & Parking: All roads and parking concrete flatwork have already been completed. Site Plan: Fully approved by the City. Architectural Plans: Completed and ready for permit submission. Permitting: Plans for one of the remaining 5 buildings have already been submitted and reviewed by the City, with only a couple of minor comments left to address. Construction Cost: Builders quote to complete the remaining 5 buildings is in hand and can be shared with interested, qualified buyers. Asking Price: Includes the budgeted construction cost to complete all remaining 5 buildings (20 units). Financial Information: Detailed financials and project pricing breakdown are available upon request. Profit Potential: Estimated xxx in potential profit-equity upon completion of Phase II, based on current project estimates. This is an opportunity to acquire an income-producing multifamily property with an additional 20 units ready for development. With major infrastructure, utilities, roads, parking, and site approvals already completed, the project offers a significant head start on Phase II construction and the potential for substantial additional equity upon completion.
Broker Details
First American RE & Mngmt Srvs (469) 569-1420
MLS ID: 0646963 State License Number: 0646963
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $7,125,000 |
| No. of Units: | 32 |
| Year Built: | 2026 |
| Opportunity Zone: | No |
| Price per unit: | $222,656 |
| Property Website | Click Here |
| Number of Bedrooms: | 99 |
| Number of Bathrooms: | 0 |
ID: 3yd-NTREIS-21422253
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