611 S Ennis St - Apartments FOR SALE


Bryan, TX 77803
$3,935,000 USD
979-450-4347
611 S Ennis St, Bryan, TX for Sale
$3,935,000 USD
Apartments - FOR SALE
1/36
null | 6.78% Cap Rate

611 S Ennis St
Bryan, TX 77803


HIGHLIGHTS

  • 36 unit garden-style community
  • Strong historical occupancy
  • Located blocks from Historic Downtown Bryan corridor

OVERVIEW

Sonoma Terrace Apartments presents a compelling multifamily investment opportunity in the heart of the Bryan Historic District, just blocks from the vibrant Downtown Bryan corridor in Bryan, Texas. This 36-unit garden-style community has demonstrated strong historical occupancy and consistent performance, making it an attractive, stabilized asset. The property offers a diverse unit mix, including 32 two-bedroom/1.5-bath units, 2 three-bedroom/2-bath units, and 1 one-bedroom/one-bath unit, featuring efficient and desirable floor plans. Units are well-appointed with laminate wood flooring in living areas, central HVAC systems, and in-unit laundry closets with washer and dryer connections. Select units showcase original brick accent walls, adding unique character and appeal. Recent interior and exterior updates enhance the overall condition and curb appeal of the property. Residents enjoy a serene, landscaped courtyard anchored by mature oak trees, creating a welcoming common area environment. First-floor units benefit from direct courtyard access. Parking is available at a ratio of approximately two spaces per unit, with a combination of covered and uncovered spaces offered on a first-come, first-served basis. The property also includes two on-site maintenance/storage rooms, supporting efficient operations. With a reported trailing 12-month gross operating income of $430,531, Sonoma Terrace Apartments represents a stable, income-producing asset with upside potential in a growing submarket.

FOR SALE DETAILS

PRICE

$3,935,000 USD

PRICE/SF

$110 USD /SF

# OF UNITS

36

PRICE/UNIT

$109,306

CAP RATE

6.78%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sonoma Terrace Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1969

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.4 AC

LAND SF

60,984 SF

ZONING

RD-5

APN/PARCEL ID

37694

ASK ABOUT THIS PROPERTY

Chad HovdeRe/Max 20 20More Info
979-450-4347

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Chad HovdeRe/Max 20 20More Info
979-450-4347

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