Cove Townhomes

DeSoto,

TX

Cove Townhomes

Under Contract

Investment Overview

Price: $1,900,000

Cap Rate (Actual, Tax Adjusted): 7.44%

CoC Return (Actual, Tax Adjusted): 10.38%

Furnish Washer Dryer Sets for a Monthly Fee
Untapped revenue source with 48% annual ROI

Install Covered Parking Spaces
Lease Carports for a Monthly Fee

High Demand for Outsized Townhome Units
Renewals Achieving Organic $50 Premiums

Long Term Improvements Completed with Durability in Mind
Minimal Deferred Maintenance

Upgrade Three Remaining Classic-Style Units
Maximize the Property’s Income Potential

Attractive Agency Financing Available
Interest Only Term Available

514 East Belt Line Road, DeSoto, TX, USA

Exclusively Listed By

Garret Nelson

Associate Investments

75 Units & Under DFW Specialist

(972) 755-5124 direct

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License: TX 808397

Chris Pearson

Associate Investments

75 Units & Under DFW Specialist

(972) 755-5297 direct

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License: TX 782674

Shaun Kennedy

Associate Investments

75 Units & Under DFW Specialist

(972) 755-5129 direct

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License: TX 823164

Nick Fluellen, CCIM

Executive Managing Director Investments

(972) 755-5214 direct

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License: TX 0521943

Bard Hoover

Senior Managing Director Investments

(972) 755-5216 direct

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License: TX 610697

John Brickson

Managing Director

Capital Markets

(972) 755-5269 direct

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