Maple Ridge Townhomes

 

View Offering Memorandum

Offering 52 townhome units located at 101-155 W Maple Ridge Court in Midlothian, TX for $10,000,000!

The property consists of 52 new and distinctive three-bedroom townhomes, located near the historic downtown area of Midlothian, Texas.

The site is improved with one story wood frame buildings with Brick siding, housing 3 bedroom town houses. The net rentable area of the 52 homes is approximately 83,668 square feet.

In addition, the units have covered porches and covered patios overlooking the fenced yard.

Each unit offers a kitchen with dishwasher, disposal, self-cleaning oven, and many other amenities. All units have a nice back yard.

 

Price$10,000,000
# of Units52
Rentable Area83,668 sq. ft.
Price Per Square Foot$122.86
Occupancy100%
Gross Operating Income$998,580
Expenses$273,466
Net Operating Income$725,113
New Loan$8,000,000
Down Payment$2,000,000
Payments$486,418
Cash Flow$238,695
Cap Rate7.5%
Cash on Cash12%
5 Year Leveraged IRR31%
Contact PersonCathy Crowe
Contact Phone(214) 850-4527
Contact Email[email protected]