1516-58 E East 20th Ave - Pecan Terrace
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1516-58 E East 20th Ave - Pecan Terrace Immeuble residentiel
À PROPOS 1516-58 E EAST 20TH AVE , CORDELE , GA 31015
| Prix | Pas individuellement en vente | Classe d’immeuble | B |
| Type de bien | Immeuble residentiel | Surface du lot | 1,29 ha |
| Sous-type de bien | Appartement | Ratio de stationnement | 2,23/1 000 m² |
| Prix | Pas individuellement en vente |
| Type de bien | Immeuble residentiel |
| Sous-type de bien | Appartement |
| Classe d’immeuble | B |
| Surface du lot | 1,29 ha |
| Ratio de stationnement | 2,23/1 000 m² |
RÉSUMÉ ANALYTIQUE
Built in 2002, Pecan Terrace is the most recently constructed conventional property in Cordele. The property’s construction materials, including brick and vinyl siding, prove to be low maintenance for investors. Pecan Terrace also offers very desirable interiors highlighted by: designer kitchens, new white appliances, vaulted ceilings, ceramic tile flooring, walk-in or oversized closets, and private porches or patios. Pecan Terrace offers tenants interior features that cannot be found elsewhere.
DESIRABLE DUPLEX PRODUCT WITH VARIOUS EXIT OPTIONS
Pecan Terrace consists of 18 individually parceled duplex units. This product has become popular due to its residential setting and neighborhood atmosphere. Owners have significantly decreased variable expenses as each duplex is individually metered for electricity and water (which also includes trash collection). With all utilities paid for by the tenant, new ownership benefits from higher revenue stream. Additionally, the individually parceled property offers various exit options, as a new owner has the opportunity to sell one, all, or a combination of parcels.
MAXIMUM RENT POTENTIAL
Pecan Terrace offers investors maximum scheduled gross income with an exceptionally low expense ratio due to the excellent utility configuration and new, high quality construction. As a result, investors benefit significantly from increases to the revenue stream and NOI. Pecan Terrace’s average leased rents are $710, compared to the market’s average rental rates of $725 for three bedroom units, which allows for additional rent increases.
CONVENIENT ACCESS TO PREMIER RETAIL
Pecan Terrace offers tenants unparalleled access to the premier retail in Cordele, as it is less than one mile from the largest retailers in the area. These retail centers include Walmart, Home Depot, Belk, Spotlight Theatre, Walgreens, Zaxby’s, Chick-fil-A, and several others, offering tenants a convenient lifestyle.
The bed-bath mix, unit counts and sizes are confirmed per property management.
DESIRABLE DUPLEX PRODUCT WITH VARIOUS EXIT OPTIONS
Pecan Terrace consists of 18 individually parceled duplex units. This product has become popular due to its residential setting and neighborhood atmosphere. Owners have significantly decreased variable expenses as each duplex is individually metered for electricity and water (which also includes trash collection). With all utilities paid for by the tenant, new ownership benefits from higher revenue stream. Additionally, the individually parceled property offers various exit options, as a new owner has the opportunity to sell one, all, or a combination of parcels.
MAXIMUM RENT POTENTIAL
Pecan Terrace offers investors maximum scheduled gross income with an exceptionally low expense ratio due to the excellent utility configuration and new, high quality construction. As a result, investors benefit significantly from increases to the revenue stream and NOI. Pecan Terrace’s average leased rents are $710, compared to the market’s average rental rates of $725 for three bedroom units, which allows for additional rent increases.
CONVENIENT ACCESS TO PREMIER RETAIL
Pecan Terrace offers tenants unparalleled access to the premier retail in Cordele, as it is less than one mile from the largest retailers in the area. These retail centers include Walmart, Home Depot, Belk, Spotlight Theatre, Walgreens, Zaxby’s, Chick-fil-A, and several others, offering tenants a convenient lifestyle.
The bed-bath mix, unit counts and sizes are confirmed per property management.
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