513-212-6349
701 Luther St W, College Station, TX for Sale
Apartments - FOR SALE
1/2
null | Request Cap Rate

701 Luther St W
College Station, TX 77840


HIGHLIGHTS

  • Quarters on Luther is a 30-unit, 60-bed community with two-bed units with bed-bath parity built in 2009.
  • Units are modern with stainless steel appliances, granite counters, and hardwood-style flooring.
  • Quarters on Luther is well-located in close proximity to Texas A&M’s campus, especially close to Reed Arena and Kyle Field.
  • Better located than a lot of its comps.
  • Texas A&M has the largest student body in the nation, with over 81,000 students. Enrollment is consistently growing.
  • To maximize value for this asset, an investor could condo out the units and sell them individually.

OVERVIEW

This offering represents the opportunity to acquire a student housing community in College Station, Texas, at Texas A&M University. Quarters on Luther is a 30-unit, 60-bed community with two-bed units with bed-bath parity built in 2009. Units are modern with stainless steel appliances, granite counters, and hardwood-style flooring. Units at this community could be condo-ed out. Condo-ing units and selling them individually could maximize the value of the property. This offering represents 100 percent fee-simple interest in Quarters on Luther, free and clear of any debt.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

30

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Quarters on Luther

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2009

PARKING SPACES

90

LAND DETAILS

LAND ACRES

1.58 AC

LAND SF

68,955 SF

ZONING

MF-4-NP

APN/PARCEL ID

347943

ASK ABOUT THIS PROPERTY

David PeirceFranklin StreetMore Info
513-212-6349

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David PeirceFranklin StreetMore Info
513-212-6349

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