1601 S College Ave - Apartments FOR SALE


Bryan, TX 77801- Midtown Bryan
$2,000,000 USD
979-268-2000
1601 S College Ave, Bryan, TX for Sale
$2,000,000 USD
Apartments - FOR SALE
1/11
null | Request Cap Rate

1601 S College Ave
Bryan, TX 77801
Midtown Bryan


HIGHLIGHTS

  • 20 well maintained 2 Bedroom/2 Bath units located in Bryan’s rapidly redeveloping Midtown District
  • 100% occupancy with low historical vacancy
  • Low maintenance construction including brick facade and metal roofs
  • Unit amenities include wood vinyl and tile flooring in common areas, washer/dryer hook ups, and patios
  • Immediate upside opportunity by pushing to market rents
  • Close proximity to Texas A&M University, Downtown Bryan, St. Joseph's Regional Hospital, and Blinn Junior College

OVERVIEW

OLDHAM GOODWIN is pleased to present Midtown Villas for your consideration. Consisting of 20 two bedroom, two bath units in Bryan, Texas these garden style apartment buildings offer the opportunity to obtain stable income producing assets with tremendous upside potential. The property is within 3 miles to major employers in the area including Texas A&M University, Downtown Bryan, St. Joseph's Regional Hospital, and Blinn Junior College. Located in Bryan's Midtown District, the area is set to see rapid redevelopment and increased property values due to city investment in several key "catalyst projects" and a favorable entitlement and application process for future development. With interior renovations of all units completed within the past ten years, the 20 Midtown Villa units feature functional floor plans, offer a private backyard, washer dryer hook ups, and either vinyl or tile in the common areas. Exterior materials include brick facade and metal roofs to minimize maintenance expense over the life of the assets.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$104 USD /SF

# OF UNITS

20

PRICE/UNIT

$100,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Midtown Villas - Bryan, TX

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1969

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.35 AC

LAND SF

58,806 SF

ZONING

-

APN/PARCEL ID

44582

ASK ABOUT THIS PROPERTY

Tyler BradfieldOldham Goodwin Group, LLCMore Info
979-268-2000

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

Tyler BradfieldOldham Goodwin Group, LLCMore Info
979-268-2000

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