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Meadows on Merrill

200 MF Units

Sponsors / General Partners

Workhouse housing. NOI stabilization by adding a dog park, soccer park, and other community amenities. The business plan also includes upgrades on classic units.

Location: Duncanville, TX

Property type: MF

# Units: 200

Year build: 1970

Going in CAP rate: 3.70%

Rehab Budget: 1.3M

CoC: 8%

IRR: 15%

EM: 1.9