713-337-5806
1000 E University Dr, College Station, TX for Sale
Apartments - FOR SALE
1/15
null | Request Cap Rate

1000 E University Dr
College Station, TX 77840


HIGHLIGHTS

  • Outstanding Agency Loan Assumption Opportunity
  • Attractive Going-In Yield
  • Well-Maintained Asset with Nearly $1.1M in Improvements Since 2020
  • Spacious Floor Plans with Value-Add Potential
  • Below Market Rents & Robust Multifamily Market Fundamentals
  • LURA (MDSI) in-place restricting 11 & 14 units for low-income and very low-income families respectively

OVERVIEW

Newmark has been exclusively retained to represent the Seller in the disposition of Cedar Creek Apartments (Offering, Property). All inquiries about the Offering or the Property should be directed to Newmark.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

67

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cedar Creek Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1984

PARKING SPACES

134

LAND DETAILS

LAND ACRES

4.23 AC

LAND SF

184,259 SF

ZONING

B1

APN/PARCEL ID

76384

ASK ABOUT THIS PROPERTY

Brad ShafferNewmarkMore Info
713-337-5806

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Brad ShafferNewmarkMore Info
713-337-5806

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.