1500 Link Ave - Apartments FOR SALE


Orange, TX 77630- East Orange
$5,099,935 USD
281-236-2178
1500 Link Ave, Orange, TX for Sale
$5,099,935 USD
Apartments - FOR SALE
1/12
null | 4.76% Cap Rate

1500 Link Ave
Orange, TX 77630
East Orange


HIGHLIGHTS

  • Busy business districts Price reduced from $108 per squares footage to $83 / Sales price from $6,636,000.00 reduced to $5,000,000.00 for quick sales.
  • Possible Owner financing with low interest rate, Need Letter of Intent and proof of funds, No further documents can be shown before Letter of intent.
  • Two out of Four buildings with bitumen new roof, one third of apartments recently remodel plus 15 new AC units.
  • Olympic size swimming pool, coin operated commercial washer and dryer. 70 units garden style apartment all with cover parking, next to Kroger Market.
  • The economy in Orange, Texas, is experiencing a major boom, driven by massive industrial investments like Golden Triangle Polymers plant & energy proj
  • Possible Master Lease for the first year for helping buyers making 100% occupancy, Owner Retire lack of management teams, Buyer must have experience.

OVERVIEW

Busy business districts Price reduced from $108 per squares footage to $83 / Sales price from $6,636,000.00 reduced to $5,000,000.00 for quick sales. Owner Retire lack of management teams, Buyer needs to have apartments managements experiences. Possible Owner financing with low interest rate, Need Letter of Intent and proof of funds, No further documents can be shown before Letter of intent. Olympic size swimming pool, coin operated commercial washer and dryer. 70 units garden style apartment all with cover parking, next to Kroger Super Market, McDonalds, Popeye, Golden Chicken Fast-food restaurant. Two out of Four buildings with bitumen new roof, one third of apartments recently remodel plus 15 new AC units The economy in Orange, Texas, is experiencing a major boom, driven by massive industrial investments like the Golden Triangle Polymers plant and energy projects, which are fueling local infrastructure expansion, residential subdivisions, and retail developments Do not disturb tenants and employees, drive-by only. Potential for Increasing Rent/Revenue (Current low rent). Possible Master Lease for the first year helping buyers making 100% occupancy.

FOR SALE DETAILS

PRICE

$5,099,935 USD

PRICE/SF

$76 USD /SF

# OF UNITS

70

PRICE/UNIT

$72,856

CAP RATE

4.76%

% LEASED

60%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Linkwood Garden Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1972

PARKING SPACES

108

LAND DETAILS

LAND ACRES

3.13 AC

LAND SF

136,343 SF

ZONING

Multiple

APN/PARCEL ID

011945-009690

ASK ABOUT THIS PROPERTY

Don LeeACP Associates LLCMore Info
281-236-2178

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Don LeeACP Associates LLCMore Info
281-236-2178

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