10520 Tube Dr, Hurst, TX 76053

Description

Multifamily Investment Opportunity – Phase I Completed & Phase II Shovel-Ready

32-unit multifamily development consisting of 8 buildings with 4 units per building.

Phase I: First 3 buildings (12 units) were completed earlier this year. All 12 units are fully leased.

Phase II: Remaining 5 buildings (20 units) are shovel-ready for construction.

Utilities: Electricity, water, sewer, and fiber optics have already been brought to each of the 5 remaining building sites individually.

Roads & Parking: All roads and parking concrete flatwork have already been completed.

Site Plan: Fully approved by the City.

Architectural Plans: Completed and ready for permit submission.

Permitting: Plans for one of the remaining 5 buildings have already been submitted and reviewed by the City, with only a couple of minor comments left to address.

Construction Cost: Builders quote to complete the remaining 5 buildings is in hand and can be shared with interested, qualified buyers.

Asking Price: Includes the budgeted construction cost to complete all remaining 5 buildings (20 units).

Financial Information: Detailed financials and project pricing breakdown are available upon request.

Profit Potential: Estimated xxx in potential profit-equity upon completion of Phase II, based on current project estimates.

This is an opportunity to acquire an income-producing multifamily property with an additional 20 units ready for development. With major infrastructure, utilities, roads, parking, and site approvals already completed, the project offers a significant head start on Phase II construction and the potential for substantial additional equity upon completion.