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$7,125,000 Sale
Listed 13 hours ago
10520 Tube Drive
· 99
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· 92
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Key Facts
Key facts for 10520 Tube Drive
Property Type
Apartment
Parking
Additional Parking,Common,Parking Lot 0 garage, 92 parking
MLS #
21422253
Size
-
Basement
Unspecified
Listed on
-
Lot size
-
Tax
-
Days on Market
-
Year Built
2026
Maintenance Fee
-
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 bu...ildings (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.
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Listing courtesy of: TEXAS ALLIANCE REAL ESTATE