Eight 2,900+ sq. ft. student-housing duplexes in Texas, 6.2% cap

[Ben Toth]

Current cap rate is 6.2%.

Student Housing Portfolio of 8 newly constructed 6 BR homes built in 2016 situated only 5+ blocks from the Baylor University Campus. Each home has 2 BRs/2.1 BAs on 1st floor, 4 BRs/4 BAs on 2nd floor, granite kitchen & bath counter tops, large BR closets, large laundry room, additional 2nd floor living area w/wet bar. Each home has large front porch & 2nd balcony area. Average Home size = 2,906+/- SF. Gated parking. Currently leased by BU Students till 5/2018. Typical monthly lease rate = $4,350/Home + Unit Utilities. Leases, deposits & appliances convey with sale of property at closing. Building sizes (slightly vary), property taxes and lot size provided by Appraisal District. All provided information assumed to be correct, but subject to verification by all parties.

24-36 Hour Resident notice required for showing.