1019 Friendship Ln - Apartments FOR SALE
Fredericksburg, TX 78624 |
1019 Friendship Ln
Fredericksburg, TX 78624
HIGHLIGHTS
- New roofs in 2019 and no deferred maintenance.
- Current owners spent over $1.7 mm in capex and improvements, allowing new owner to focus on unit upgrades
- Attractive unit mix of all two and three-bedroom floor plans and a mix of one and two-story buildings on over 14 acres
- Room to add additional amenities at back of property such as a soccer field, pickleball or basketball court, splash pad, expanded picnic area, etc …
- Maintains over 90% occupancy with less than 1 percent delinquency
- Purchase late 90s construction property in a flourishing tourist town attracting over 1.5 million visitors each year.
FOR SALE DETAILS
PRICE
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# OF UNITS
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CAP RATE
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% LEASED
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BUILDING DETAILS
PROPERTY NAME
TEN19
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Garden
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
116672
STORIES
2
YEAR BUILT
1998
PARKING SPACES
267
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
27329
