1710 Old Alvin Road, Pearland, TX, 77581 - Available for Sale

Multifamily For Sale

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Oakbridge Apartments

1710 Old Alvin Road, Pearland, TX 77581

$12,500,000

158 Units | Multifamily

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Oakbridge Information Center

Multifamily Property For Sale - In Contract

Price:
$12,500,000
No. Units:
158
Building Size:
143,000 SF
Price/Unit:
$79,113.92
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Commission Split:
1%
Cap Rate:
8%
Lot Size:
435,600 SF
Listing ID
17042627
Last Updated
13 days ago

Find Out More...

Description

This gated complex consists of 12 buildings containing 158 units with 5 floor plans with one, two and three bedrooms designs. The Community Center contains the leasing office, meeting rooms, kitchen, movie screen and a work out facility. There is one large pool and several play areas. The occupancy rate is 91%. Units are individually metered.

Property conveniently located only 1.5 to the Sam Houston Toll Way, 1.5 miles from downtown Pearland, 7 miles to Hobby Airport, within 17 miles to downtown Houston and the Medical Center.

Financial Summary

  • Actual
  • $1,080,000

Map of 1710 Old Alvin Road, Pearland, TX 77581 (Brazoria County)

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Presented by Century 21 Western Realty, Inc.
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Asking Price Index Trends for Pearland, TX Multifamily For Sale

  Jun 14 vs. 3 mo.
prior
Y-O-Y
-
State
$49,359+0.5%+12.5%
-
Metro
$39,573-3.4%+7.4%

View Pearland Market Trends for other property types for sale or lease. Learn more about the chart info.

Created 2/24/2011
Oakbridge Apartments
  • Multifamily
  • $12,500,000
  • 158 Units
  • 143,000 SF