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,… Read More 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. Read Less
Courtesy of TEXAS ALLIANCE REAL ESTATE, Sarfaraz Hansraj.
Listing Snapshot
Days Online
1
Last Updated
Property Type
Quadruplex
Beds
99
Lot Size
3.68 Acres
Year Built
2026
MLS Number
21422253
Additional Details
Property Access
Frontage Type: AllWeatherRoad
Appliances & Equipment
Dishwasher, ElectricRange, Disposal, Microwave
Building
Built in 2026, Year Built Details: New Construction - Incomplete, 8 buildings, Levels: Two, Construction Materials: Brick, Frame
