About the Listing REDR01 - 202054

Unique opportunity to acquire fully leased brand new multi-family construction located near downtown Edmond and steps from the Railyard, Ice House and the Lark. All six of these townhomes (three duplexes) pre-leased during construction for $2,200 per townhouse (the six units gross a combined $13,200 per month). Developed by Bespoke Building Company, these high-end townhomes feature custom soft close cabinets, quartz countertops (with waterfall edge in the kitchen) and designer tile and lighting packages. Designed specifically for investor clients, these townhomes receive favorable insurance pricing and there's no HOA dues associated with these properties. Each townhouse features a 3-bed, 2.5 bath + media niche layout and includes tankless hot water heaters, a full appliance package (including full size washer and dryers) and a fenced side-yard. More than 40 new construction units have come online on a single block on W. 2nd St over the past six months and only these townhomes feature garage parking (a significant differentiator during the lease-up process). Average tenant income is more than $125,000 annually. The developer also owns an affiliated property management company and offers discounted 5.9 percent property management services to investor clients.

Listing Highlights