Approved Town Home Development! The City of Tracy approved this 36-unit town home project containing (9) fourplex buildings, along with a private park and an HOA. This project is shovel ready for the builder/developer. Approved plans are available upon request. Each unit will contain 3 bedrooms and 2 baths on the upper level, and the first floor will have a kitchen, living room, dining room, full laundry and bathroom, along with access to the garage. The units will be approximately 1,540 square feet each, including a private garage. Estimated Memorandum of Operations and Analysis for the project are available upon request. The proforma for operations shows a 6% annual cap rate for the finished development, based on estimated costs and projected rents averaging $3,000/month per unit.