Woods Of SFA
Income Property in A Niche Market
Sales Price
Insurance $1,000 (est. / no contents) |
Rental
Rates $1,200 per unit x 2uits = $2,400*
Taxes (2.61%)
|
| *Based
on existing signed leases. Rental rates are always a risk factor and
are subject to change based on market conditions. |
Offering the privacy of a home, duplexes are the preferred choice for student
housing in any college town. Located only 1.25 miles from the university, the
Woods of SFA is an easy bike-ride away.
Our duplexes are a win-win situation for parents and investors alike. Parents have found that their students can often live rent-free by purchasing a duplex and renting out five of the six bedrooms in the 2-unit dwelling. After their student graduates, they can either sell the duplex or keep it for rental income. Sales are usually at an appreciatable capital gain. We broke ground on March 14, 2004. Nineteen (19) of our twenty-three (23) duplexes are sold to investors who do not even have students at SFA.
College housing markets provide an excellent tenant base. The demand and occupancy
rates for newer properties designed for student living is high. As such, they
command investor – attractive rental rates. Nacogdoches is a readymade market
for our product. It’s the home of Stephen F. Austin State University where
there is NO COMPETING DUPLEX COMMUNITY.
For $199,900,
the investor is purchasing an approx.
2636 SF duplex on (+/- 60’ X 100’ lots) in a beautiful new
wooded subdivision. Each duplex has two 3/3.5/2 rental units with fenced
yards and a full appliance package. With historically low interest rates,
which can be locked in for thirty years, now is the time to buy. Our management
services are comprehensive so investors will not be burdened with leasing,
maintenance, coordinating repair, or collecting rents.
Click Here for Financing
Thank you for your consideration,
Upchurch Development LLC
Call 936-559-9393
IMPORTANT: Always consult your legal counsel / CPA before making any investment, as risk is an inherent element in any business decision.
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