Bethany Village, Bethany, OK 73034

Property Description

Build in 2023, fully leased, and priced below estimated new construction cost-with rent upside. This Bethany portfolio includes 11 single-story duplexes totaling 22 three-bedroom, two-bath units. At $4,000,000, the price is approximately $363,636 per duplex versus an estimated $380,000-$410,000 to build comparable duplexes including land. Acquire established rental income without construction delays or initial lease-up. Current rents average $1,522 per month versus estimated market rents of $1,650, representing approximately $33,800 in potential additional annual gross rent across the portfolio. Fourteen leases expire within 12 months, providing opportunities to adjust rents as leases renew. Each duplex occupies its own parcel, allowing flexibility to hold the portfolio or sell buildings individually. Tankless water heaters, tenant-paid utilities, HOA-provided landscaping, and third-party management already in place. Construction costs and market rents are estimates; rent increases are subject to lease terms and market conditions.