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.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
