2112-2114 E Airline Rd - Apartments FOR SALE


Victoria, TX 77901
$1,250,000 USD
361-571-0161
2112-2114 E Airline Rd, Victoria, TX for Sale
$1,250,000 USD
Apartments - FOR SALE
1/12
null | 7.5% Cap Rate

2112-2114 E Airline Rd
Victoria, TX 77901


HIGHLIGHTS

  • Texas A&M University and the Victoria College Campus are apporoximately .5 mile away, 1-2 minute drive. Excellent for student residents.
  • Close proximity to dining, coffee shops, and shopping.

OVERVIEW

Unlock immediate income with this well-maintained, fully occupied, 12 unit multii-family property located in central Victoria, TX. This property has two apartment buildings with 12 units total. Lot size is approximately .545 acres, with concrete parking lot including 24 parking spaces. Each floorplan boasts beautiful natural lighting that makes these units very inviting and easier to lease. Each unit is a 1 bedroom, 1.5 bath- with loft bedroom upstairs including full bath and walk in closet. Half bath is downstairs with kitchen, laundry area, living area, & opens to a rear patio. All units come equipped with: Stackable washer/dryer unit, refrigerator, stove, dishwasher, and microwave. Each unit additionally equipped with central air & heat unit & electric water heater. Each tenant pays their own electricity. Landlord pays water, trash, security lighting, lawn,& quarterly pest control. This property is positioned in a desirable area due to proximity to the Texas A&M University and the Victoria College Campus. Approximately .4 to .5 mile drive to each campus, approximately 1-2 minute drive to each campus, and approximately 9-11 minute walk to each campus. Close proximity to dining, coffee shops, and shopping. This is a perfect addition to any investor's portfolio- whether you're expanding or entering the multi-family market.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$87 USD /SF

# OF UNITS

12

PRICE/UNIT

$104,167

CAP RATE

7.5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1978

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.55 AC

LAND SF

23,740 SF

ZONING

None

APN/PARCEL ID

23800-005-00101

ASK ABOUT THIS PROPERTY

Nancy GarnerWoolson Real Estate, Inc.More Info
361-571-0161

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Nancy GarnerWoolson Real Estate, Inc.More Info
361-571-0161

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