Rare opportunity to acquire 14 units priced at $41,000 per unit. 7 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 when 100% occupied. $84,000 gross per year equating to a 14.6% gross return. New roofs installed March 2021. 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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