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100 Colvin St 28 Unit Apartment Building $2,200,000 ($78,571/Unit) 5.77% Cap Rate Mount Vernon, TX 75457
INVESTMENT HIGHLIGHTS
- Quiet Cul-de-Sac Location
- Expansion Potential
- On-Site Dumpster Access
- Organized Property Layout
- Clearly Numbered Buildings
- Strong Investment Framework
EXECUTIVE SUMMARY
Oak Village Apartments – Key Highlights
Peaceful Setting
Located on a quiet, dead-end street—ideal for tenants seeking a more private, low-traffic living environment.
Smart, Structured Layout
A well-organized site plan makes for efficient navigation, maintenance, and property management.
Development Opportunity
Unused building sites present a strong value-add opportunity for future expansion or additional units.
Investor-Friendly Design
Numbered buildings and clear layout enhance leasing efficiency and tenant wayfinding.
Added Convenience for Tenants
On-site dumpster placement at the end of the street offers easy access while keeping the property clean and streamlined.
Solid Foundation for Growth
With core infrastructure in place and room to grow, this property is a solid foundation for long-term investment strategy.
Tenant Appeal
The cul-de-sac location, combined with thoughtful site planning, enhances curb appeal and tenant satisfaction.
Peaceful Setting
Located on a quiet, dead-end street—ideal for tenants seeking a more private, low-traffic living environment.
Smart, Structured Layout
A well-organized site plan makes for efficient navigation, maintenance, and property management.
Development Opportunity
Unused building sites present a strong value-add opportunity for future expansion or additional units.
Investor-Friendly Design
Numbered buildings and clear layout enhance leasing efficiency and tenant wayfinding.
Added Convenience for Tenants
On-site dumpster placement at the end of the street offers easy access while keeping the property clean and streamlined.
Solid Foundation for Growth
With core infrastructure in place and room to grow, this property is a solid foundation for long-term investment strategy.
Tenant Appeal
The cul-de-sac location, combined with thoughtful site planning, enhances curb appeal and tenant satisfaction.
PROPERTY FACTS In Escrow
| Price | $2,200,000 | Property Subtype | Apartment |
| Price Per Unit | $78,571 | Apartment Style | Garden |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.77% | Lot Size | 6.06 AC |
| Sale Condition | 1031 Exchange | Building Size | 33,226 SF |
| No. Units | 28 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1980 |
| Zoning | COMMERCIAL | ||
| Price | $2,200,000 |
| Price Per Unit | $78,571 |
| Sale Type | Investment |
| Cap Rate | 5.77% |
| Sale Condition | 1031 Exchange |
| No. Units | 28 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 6.06 AC |
| Building Size | 33,226 SF |
| No. Stories | 1 |
| Year Built | 1980 |
| Zoning | COMMERCIAL |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
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100 Colvin St
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