Asking Price: $18,060,000
Building Size: 148,350 SQ FT
Cost per Square Foot: $121.74
Go to www.SFRhub.com to custom search and view additional information! This Build for Rent (BFR) investment portfolio allows a buyer the opportunity to work with an extremely qualified regional builder to acquire 86 townhomes. There are currently 14 spec homes, one of which had been functioning as a furnished model home before offering the entire community as a Build for Rent investment portfolio. The seller can quickly reinitiate construction on the remaining homes. The community, Ainsdale at the Commons in Richmond Hill, Georgia, is close to two military bases and downtown Savannah. Richmond Hill is an affluent suburb of Savannah with quality schools and a quieter way of life. The community is located a short distance from downtown Savannah, Georgia on major arterial roads. Metro Savannah has a population of approximately 387,543 people. Being so close to Savannah provides the opportunity for tenants to experience the magic of Southern Charm and antebellum architecture Savannah offers. It also means residents are close to other coastal amenities. Also close to Fort Stewart and Hunter Army Airfield. The Port of Savannah expansion is a major undertaking and will solidify Savannah’s shipping future and the economic activity that generates. The seller is extremely qualified and will be able to build out to an agreed upon schedule to allow consistent capital placement. This townhome portfolio will allow an investor to efficiently control ongoing capital expenditures because the homes will be new, built to a high standard, and be under warranty. The 2-story townhomes will be 1,725 square foot, with 3-bedrooms and 2.5-bathrooms, with a 1-car garage.
Key Points: Go to www.SFRhub.com to custom search and view additional information! Stabilized Year 1 Gross Yield of 9.23% Stabilized Year 1 Cap Rate of 6.93% Strong 26.92% Stabilized Year 1 Leveraged IRR and a Stabilized Year 1 Leveraged Cash on Cash of 8.92% 86 Townhome Build for Rent Investment Portfolio Seller is an extremely qualified and respected regional developer and builder Community is Ainsdale at the Commons in Richmond Hill, Georgia Close to Savannah, Fort Stewart, Hunter Army Airfield, and the Savannah / Hilton Head International Airport Metro Savannah has a population of approximately 387,543 people and solid job growth projections Recent Port expansion and dredging to accommodate larger vessels represents a significant investment in the area and job creation