This prime Multi-Family property at 830 Stadium Dr. in Pleasanton, TX 78260 offers an unbeatable investment opportunity with strong potential for high ROI. Located in a rapidly developing area, this property is a lucrative investment for those seeking a solid return on their investment. The property's strategic location ensures long-term growth and profitability, making it a must-have for savvy investors looking to maximize their returns.
The location holds significance as it is near the local stadium, which is often bustling with activity during sports seasons. Across the street, lies the administrative heart of education in the area – the Pleasanton Independent School District offices. This proximity makes it an ideal location for families with school-aged children, as educational resources are easily accessible. Moreover, the high school being within walking distance adds another layer of convenience and connectivity to the neighborhood. The property's unique location in the heart of the PISD campus bring significant daily traffic and exposure to the community.
Around 830 Stadium Dr, you'll find a mix of residential homes, small businesses, and local eateries. From cozy cafes serving up steaming cups of coffee to family-owned restaurants dishing out hearty Texan fare, there's something to tantalize every palate.
UPGRADED PROPERTY
With over 92% of units already upgraded, the new owner will spend minimum on interior upgrades. Discover the income-boosting potential of Eagle View's upgraded laundry facility conveniently situated at the heart of the complex. Residents enjoy the ease of electronic payments, enhancing both their experience and your bottom line.
VALUE ADDED
Maximize your investment potential with the newly implemented RUBS program, boosting income recovery from 57% to an impressive 85%. Bid farewell to loss to lease and welcome higher profits by enhancing the courtyard with inviting BBQ grills and cozy benches, creating a desirable space for residents to savor. Alternatively, capitalize on the ample land available by constructing an additional building to further expand your revenue streams.
ASSUMABLE LOWEST INTEREST LOAN
Take advantage of this exceptional opportunity! The assumable loan on this multi-family property features 7 years remaining at $2,044,000 and a competitive 3.8% interest rate, creating a solid foundation for a profitable venture. These advantageous terms can unlock substantial returns and pave the way for long-term financial success, making it a must-consider property for those passionate about ROI.
STABILIZED PROPERTY
Following the lifting of COVID restrictions, Eagle View implemented new income criteria that are three times the rent, attracting financially stable residents who value the upgraded living spaces. This strategic move, coupled with the property's recent improvements, has successfully stabilized occupancy levels to over 90%, showcasing a lucrative opportunity for investors Over the past three years, Eagle View ownership has dedicated over $250,000 towards enhancing the interior units, ensuring a modern and appealing living experience for residents. By strategically investing in capital expenses, the property has seen a remarkable transformation that promises significant returns on investment for prospective buyers.
Residents at Eagle View enjoy the convenience of multiple rent payment options, including in-store payments, online transactions through a user-friendly resident portal, and in-person payments at the office. This seamless payment process not only enhances tenant satisfaction but also streamlines the financial management aspect of property ownership, ensuring a hassle-free experience for both residents and property owners.
