This property is Off-Market

1300 S. Adelaide Street
Terrell, TX 75160 ·

107 Units · Multifamily For Sale

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OAK RIDGE APARTMENTS

Price N/A Property Sub-type Garden/Low-Rise
No. Units 107 Property Use Type Investment
Building Size 83,780 SF Year Built 1968
Property Type Multifamily
Listing ID: 16642596 Date Created: 04/09/2010 Last Updated: 08/05/2010

Description

Oak Ridge Apartments serves a growing "workforce" housing population. Not having any like-kind residential rental housing adjoining Oak Ridge Apartments, ownership has the rare attribute of operating a "control your destiny" property not influenced by neighboring multifamily property. Priced well below replacement costs, Oak Ridge Apartments offers additional security of having an economic barrier to entry to competing supply entering the market at the current rent levels. The property offers residents diversification of housing needs with a variety of unit types available for rent.

The property has excellent frontage accessibility to a major north/south artery of Highway 34 allowing easy access to Interstate 20 to the south and Highway 80 to the north. Oak Ridge Apartments is located just over a mile from Terrell's largest medical hospital, The Renaissance Hospital at Terrell. Additionally, the property is within a two mile radius of shopping, grocers, schools and Terrell's municipal airport.

Highlights

  • Economically Irreplaceable Housing Investment
  • Priced Well Below Replacement Value
  • Highly Visible Location With Easy Accessibility
  • Management Controlled Value-Add Investment
  • Potential For Above Market Returns & Appreciation

Research

1300 S. Adelaide Street, Terrell, TX 75160 (Kaufman County)

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