
Courtesy of: Elle Mcghee, HomeSmart, ellemcghee123@gmail.com
$980,000
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Lot: 0.17 Acres
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Other
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$980,000
205 Neil Street New Year, New Investment New Construction 6-Unit Multifamily Opportunity: Turnkey new construction 6-unit multifamily property featuring six luxury units, each offering 3 bedrooms and 3 bathrooms-a total of 18 bedrooms and 18 baths-designed for today's high-demand rental market. Each unit showcases modern, high-end finishes including granite countertops, luxury vinyl plank flooring, stainless steel appliances, and energy-efficient systems that help keep operating costs low while maximizing tenant satisfaction. Flexible Purchase Options: Full-Price Purchase: Property conveys 100% occupied with student tenants in place and fully furnished, creating a true plug-and-play investment. Discounted Purchase Option: Buyer may purchase the property vacant and unfurnished for a $50, 000 price reduction, allowing flexibility for repositioning or alternative leasing strategies. Financial Highlights (Student Housing Option): Estimated Monthly Gross Income: $12, 600 Estimated Annual Gross Income: $151, 200 100% Occupancy with 12-Month Leases in Place Professional Management in Place with strong tenant retention Prime Location: Located in a thriving rental corridor with quick access to schools, shopping, and public transportation, this area is known for consistent demand, safety, and long-term appreciation-ideal for stable multifamily performance. Investor Advantage: New construction - no rehab, no deferred maintenance Immediate income potential High-demand unit mix Minimal hands-on management required Financing & Terms DSCR or Conventional Financing Only Buyer must be pre-approved 30-day close required Why This Asset Stands Out- Whether you're seeking a fully stabilized, cash-flowing student housing investment or a discounted opportunity to customize your leasing strategy, this property delivers flexibility, strong returns, and long-term value. Serious investors only. Contact us today for full details or a private showing.
Courtesy of: Elle Mcghee, HomeSmart, ellemcghee123@gmail.com
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