16 Townhomes Sunray Avenue

16 Townhomes Sunray Avenue Richland, Washington 99352 United States

MLS# 259833 The opportunity comprises 16 new construction townhome units consisting of eight contiguous duplex buildings built by Brett Lott Homes. Located in the Badger Mountain South community in Richland, WA. One of the fastest growing developments in the Tri-Cities area. The total price for all units = $8,290,000. This is a HARD BID with no risk to the buyer for cost over-runs. The units are to-be-built (see Construction and Take-Down Schedule). THE BUILDER IS WILLING TO SELL FEWER UNITS AS WELL, depending on Buyer's needs. The builder requires a $15,000 non-refundable deposit per unit prior to construction. The untrended pro forma cap rate based on todays rents is 4.5% (see Pro Forma). Rents are expected to increase during the build time. Each unit will reside on its own tax parcel and can be sold separately. All units are the same floor plan: 2033 SF, single story, 3 bed, 2 bath, two car garage. Features include: 10 ceilings in the hallway and family / dining, oversized 26 deep two car garage, large pantry with lots of shelving, large laundry, two separate living areas, mud room off of the garage, quartz countertops in the kitchen and main bath, and a covered back patio. The units are separated by insulated double walls with a gap in between, which provides excellent sound protection. Units are turn-key and rent-ready, with all appliances included (including fridge and washer / dryer), window blinds, and full landscaping. There is a $30 / month HOA per unit that covers common area landscaping. The community has walking / bike baths, and the City will be installing a 30 acre park just to the north of Bella Coola Ln.

Listing Courtesy of Lybbert Fielding Real Estate, PRMLS MLS