About 4 Townhomes Sunray Ave
MLS# 264049 This opportunity comprises 4 new construction townhome units consisting of two “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 = $1,916,000. Units 2606 and 2610 are recently finished. Units 2589 and 2593 will be finished in October 2022. THE BUILDER IS WILLING TO SELL FEWER UNITS AS WELL, depending on Buyer's needs. The untrended pro forma cap rate based on today’s rents is 4.8% (see Pro Forma). The units are vacant. Multiple similar units on the same street are currently rented at $2,800 per month. Each unit resides 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 plenty 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 with a side gate. There is a $30 / month HOA per unit that covers common area landscaping (does not cover the yards). The community has walking / bike baths, and the City will be installing a 30 acre park just to the north of Bella Coola Ln, scheduled to start Fall 2022. This is a fantastic price per square foot in this neighborhood and a great long term investment.