Historical Multifamily Sale Listing - Highland Oaks Apartments

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Highland Oaks Apartments

2400 Buffalo Gap, Abilene, TX 79605

N/A

170 Units | Multifamily

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Multifamily Property - Off Market

Price:
N/A
No. Units:
170
Building Size:
173,111 SF
Property Type:
Multifamily
Property Sub-type:
Mid/High-Rise
Property Use Type:
Investment
Cap Rate:
7.06%
Listing ID
16184739
Last Updated
over 1 year ago

Description

The Highland Oaks Apartments are a 170-unit residential community located at 2400 Buffalo Gap Road in Abilene, Texas. Developed in 1973, Highland Oaks is comprised of 24 one-bedroom units, 106 two-bedroom units and 40 three-bedroom units with an attractive average unit size of 1,018± square feet. The units are situated throughout 26 two-story buildings over 9.2 acres. The current street rents at the property average $525 per unit or $0.52 psf. Through simple management improvements, Highland Oaks can be positioned to compete effectively with it' s surrounding competition and become a long-term, constant performing asset in one of the state' s most stable secondary markets.

Highland Oaks is an attractive two-story community strategically located in Southwest Abilene in close proximity to many of Abilene' s major employers and retail centers. The offering of this 170-unit asset provides investors a true value-add opportunity investment.

Map of 2400 Buffalo Gap, Abilene, TX 79605 (Taylor County)

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