Twin Home in Construction - Foundation Stage

Multi-Family for Sale
Catylist Listing ID: 30435769
Property Subtypes: Duplex/Fourplex, Low-Rise/Garden
Building Status: Under Construction
Number of Units: 2 Units
Building Size (RSF): 4,262 SF
Gross Land Area: 0.35 Acres
Sale Price: $59,900 - 302,829
Unit Price: $29,950 Per Unit
Property Use Type: Investment, Vacant/Owner-User
Building Name: Rock Pointe Subdivision
Usable Size (USF): 4,262 SF
Sale Terms: Cash to Seller, Purchase Money Mortgage, Owner Financing, Sale/Leaseback
Cap Rate: Undisclosed
Average Occupancy Rate: 50
Last Updated: 8/16/2019

Overview / Comments

Foundation Stage Twin Home is path of growth Single Family and Twin Home mixed Subdivision at Hwy 254 and Rock Road. Pending construction contract by Randy Dean Homes. Purchase and assigned construction contract is subject to material cost increases current pricing from 6-2018. Foundation and Cul-de-Sac Lot is owned Free & Clear by owners and 50% Tenant is waiting for construction completion to occupy. Kechi Address with Bel Aire Schools within a mile away. Excellent Access to all area freeways and highway systems via Hwy 254. Current construction contract includes Full upstairs and downstairs finish with dual sump pump systems. Each Side has 4 Bedroom and 3 baths with a Upper Living area and a Downstairs Bedroom Bath and Family room. Granite Counter tops and a Main Floor Laundry, each with 2 car attached garages. Well and sprinkler systems not included, however, 8 one gallon landscape scrubs and 1 tree with egg rock and plastic edging also included. Builder owns many similar area twinhomes and this will mirror the current occupied area units. A great investment in a super location Potential 11% cap based on Potential 100% Occ.

Additional Details

Nearest MSA: Wichita
County: Sedgwick
Taxing Authority: Sedgwick County
Tax ID/APN: 087103070410301600
Zoning: 1102 DUPLEX USE
Percent Occupied: 50%
Community Amenities: Outdoor Pool
Property Located Between: North of 254 just 3 blocks off of Rock Road in Rock Pointe
Highway Access: Hwy 254
Airports: Dwight D Eisenhower Airport & Jabara or Benton for Private Planes
Site Description: Cul-De-Sac Level with backyard drainage plan and not in Flood Plain
Area Description: Subdivision nestled behind/North of the Sedgwick County Maintenance facilities
Total Number of Buildings: 50
Property Condition: Excellent
Number of Stories: 1
Year Built: 2016
Year Renovated: 2020
Construction/Siding: Other
Exterior Description: Pitched Roof with Heritage II Comp shingles - Vaulted Interior Ceilings in the Living Dining and Kitchen Area and also in the Master Bedrooms
Parking Type: Structure, Other
Parking Description: 2 car Attached Garage per unit
Laundry: In Each Unit
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Fuel: Gas, Electric
Air Conditioning: Other
Internet Access: Cable, Satellite
Interior Description: 4 Bedrooms each side, 3 baths, main floor laundry, Granit Counter Tops with a deck off the Dining room sliding glass door. High end finish as represented in all Randy Dean Homes, Island Kitchen, double stacked base in the Main areas
Zoning Description: SF 1-4 Units
Part of Planned Development?: Yes
Lot Frontage: Irregular
Lot Depth: Irregular
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Easements Description: Normale Utility Access
Land Ownership: Fee Simple
Legal Description: LOT 14 BLOCK 1 ROCK POINTE SUBDIVISION

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 15,648 43,031
Median Age: 37.16 35.5
Households: 5,859 16,928
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