210-426-1800
1045 Sanger Ave, New Braunfels, TX for Sale
Apartments - FOR SALE
1/20
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1045 Sanger Ave
New Braunfels, TX 78130
Outer Comal


OVERVIEW

OLDHAM GOODWIN is pleased to present the opportunity to acquire Mill Bridge Apartments, a 48-unit apartment community strategically positioned along the Guadalupe River in New Braunfels, Texas. Situated adjacent to the historic Faust Street Bridge and minutes from Interstate 35, the property offers residents convenient access to major employers, healthcare facilities, retail destinations, and entertainment venues throughout the Austin-San Antonio corridor. The asset benefits from a highly desirable riverfront setting, proximity to one of Texas’ fastest-growing communities, and direct access to a regional economy recognized for its job growth, business-friendly environment, and strong population trends. Additionally, the units have already demonstrated successful rent growth through interior upgrades, providing a clear path for a new owner to continue renovations and capture additional upside through increased rental income and long-term value appreciation.

FOR SALE DETAILS

PRICE

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# OF UNITS

48

CAP RATE

Request Cap Rate

% LEASED

80%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mill Bridge Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1997

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5.96 AC

LAND SF

259,748 SF

ZONING

C-3

APN/PARCEL ID

01-0000-0626-00

ASK ABOUT THIS PROPERTY

Steve MonroeOldham Goodwin Group, LLCMore Info
210-426-1800

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Steve MonroeOldham Goodwin Group, LLCMore Info
210-426-1800

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