Description
This sale includes a six unit portfolio of short-term rental townhome units in the Alloy 10/10 development on Technology Hill, just two miles south of Downtown, & 2/3 mile from Geodis Park. Units included in this purchase are 374-3 Herron Dr., 374-8 Herron Dr., 374-9 Herron Dr., 374-10 Herron Dr., 374-11 Herron Dr. & 376-5 Herron Dr., which is 30% of the 20 STR units here. All are being sold together only. Buyer has option to purchase the LLC that makes up the six units, so existing STR permits & short-term rental marketing channels like Airbnb, VRBO & Booking, and their years-long review history can transfer to the buyer with this purchase. Totals for this portfolio purchase are 11BR, 11BA and 7,315sf. 8% gross yield at current rent revenues & a lot of value-add room for the buyer to bring the it to over 10%. Since these are six active STR units, there will be no interior showings until an offer is accepted. Please write up offers to include a walkthrough contingency.
-
11BEDS
-
0.02ACRES
-
11BATHS
-
01/2 BATHS
-
7,315SQFT
-
$458$/SQFT
School Information
Description
This sale includes a six unit portfolio of short-term rental townhome units in the Alloy 10/10 development on Technology Hill, just two miles south of Downtown, & 2/3 mile from Geodis Park. Units included in this purchase are 374-3 Herron Dr., 374-8 Herron Dr., 374-9 Herron Dr., 374-10 Herron Dr., 374-11 Herron Dr. & 376-5 Herron Dr., which is 30% of the 20 STR units here. All are being sold together only. Buyer has option to purchase the LLC that makes up the six units, so existing STR permits & short-term rental marketing channels like Airbnb, VRBO & Booking, and their years-long review history can transfer to the buyer with this purchase. Totals for this portfolio purchase are 11BR, 11BA and 7,315sf. 8% gross yield at current rent revenues & a lot of value-add room for the buyer to bring the it to over 10%. Since these are six active STR units, there will be no interior showings until an offer is accepted. Please write up offers to include a walkthrough contingency.
Properties marked with the IDX logo are provided courtesy of the RealTracs Internet Data Exchange Program. Some or all of the listings may not belong to the firm whose website is being visited (Kenny Stephens Team | Parks Realty, 615-207-2228). IDX information © 2023 MTRMLS, Inc. Information is believed to be accurate but not guaranteed by the MLS or Kenny Stephens Team | Parks Realty. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2023-11-29T00:05:37.96.
Based on information submitted to the MLS GRID as of 2023-11-29T00:05:37.96. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Click here for MLS GRID DMCA Notice
Offered by Compass Re: 6154760751.
Copyright 2023 RealTracs, Inc. Information Is Believed To Be Accurate But Not Guaranteed. Listings courtesy of Realtracs MLS as distributed by MLS GRID.