Courtesy of: Braden McCurdy, McCurdy Real Estate & Auction, LLC, braden@mccurdy.com
Courtesy of: Braden McCurdy, McCurdy Real Estate & Auction, LLC, braden@mccurdy.com
$1,925,000
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Lot: 42,366.00 Acres
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Other
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$1,925,000
3212-3244 S Victoria Ave Exceptional opportunity to acquire a newer construction multifamily portfolio consisting of 9 duplex buildings / 18 total units, all situated on a single parcel with one legal description. The property is being sold as a package. Built in 2023, each duplex offers 1, 696 sq. ft. of finished living space (848 sq. ft. per unit) with a thoughtfully designed two-story, modern layout featuring one upstairs unit and one downstairs unit per building. All units are 2-bedroom, 1-bath with open floor plans that appeal strongly to today's tenants. Kitchens come fully equipped with refrigerator, range/oven, dishwasher, and microwave, and each unit includes laundry hookups. Modern finishes and newer construction features-including a site sprinkler system, a single 2-inch water meter, and separately metered electric-support efficient operations and long-term ownership. Each unit currently rents for $995 per month, producing a total monthly gross income of $17, 910 and annual gross income of $214, 920 at full occupancy. There are currently 4 vacant units; however, the duplexes historically stay rented and do not experience extended vacancy periods, reflecting consistent rental demand. Current vacant Unit #s are 3212/#200, 3236/#100, 3244/#100, 3244/#200. Per Seller, insurance on all buildings is $12, 987 per year. Tenants pay electric, while ownership covers water/sewer, trash service, lawn maintenance, and parking lot maintenance. Each unit includes one paved parking space, with additional street parking available. The seller has a written agreement with the owner of adjoining property to continue sharing future expenses for fence maintenance. Additionally, there is room on the lot to expand the development and add 2-3 more duplexes. The combination of newer construction, modern open floor plans, strong tenant appeal, and stable leasing history makes this a compelling turnkey multifamily investment. Buyers and agents should confirm and verify taxes, school districts.
Courtesy of: Braden McCurdy, McCurdy Real Estate & Auction, LLC, braden@mccurdy.com
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