3490 S Carr St

Upside Rental Potential: With the neighboring property achieving rents of approximately $3000 per month, there is a clear opportunity to optimize rental income by pricing the units competitively in the market. This potential upside provides the possibility for increased cash flow and overall investment returns.

Original Developer Sale: The property is being sold by the original developer. This presents an opportunity to acquire the asset from a trusted source, eliminating potential complications associated with multiple ownership transfers and ensuring a streamlined transaction process. The developer’s expertise and knowledge can offer valuable guidance and assistance throughout the investment process, ensuring a smoother experience for the buyer.

Townhome Style Units: All units in the property are spacious, townhome-style units, offering 1550 square feet of living space, 3 bedrooms, 2.5 baths, and attached garage parking. This desirable configuration appeals to potential tenants seeking comfortable and convenient living arrangements.

New Construction Advantage: Investing in a recently constructed property provides the advantage of modern construction standards, energy-efficient features, and lower maintenance requirements. This factor contributes to reduced operating costs and potential long-term savings, making the investment more lucrative.

Favorable Cap Rate: Owning a 2020-built property at a realistic 6% cap rate provides an attractive investment opportunity, allowing for a solid return on investment without requiring a significant amount of additional capital.