1000 E University Dr | College Station, TX 77840
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- LoopNet Team
1000 E University Dr
College Station, TX 77840
Cedar Creek Apartments · Multifamily Property For Sale
·
67 Units
INVESTMENT HIGHLIGHTS
- Outstanding Agency Loan Assumption Opportunity
- Well-Maintained Asset with Nearly $1.1M in Improvements Since 2020
- Below Market Rents & Robust Multifamily Market Fundamentals
- Attractive Going-In Yield
- Spacious Floor Plans with Value-Add Potential
- LURA (MDSI) in-place restricting 11 & 14 units for low-income and very low-income families respectively
PROPERTY FACTS
| No. Units | 67 | Building Size | 93,136 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1984 |
| Building Class | C | Parking Ratio | 1.44/1,000 SF |
| Lot Size | 4.23 AC | ||
| Zoning | B1 | ||
| No. Units | 67 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 4.23 AC |
| Building Size | 93,136 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1984 |
| Parking Ratio | 1.44/1,000 SF |
| Zoning | B1 |
AMENITIES
UNIT AMENITIES
- Balcony
- Fireplace
- Washer/Dryer
- Heating
- Ceiling Fans
- Kitchen
- High Speed Internet Access
- Walk-In Closets
- Pantry
- Patio
SITE AMENITIES
- Pool
- Property Manager on Site
- Wi-Fi
- Maintenance on site
- Public Transportation
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1.5 | 63 | - | 962 - 1,044 |
| 2+2 | 4 | - | 1,044 - 1,083 |
PROPERTY TAXES
| Parcel Number | 76384 | Improvements Assessment | $3,000,371 |
| Land Assessment | $814,935 | Total Assessment | $3,815,306 |
PROPERTY TAXES
Parcel Number
76384
Land Assessment
$814,935
Improvements Assessment
$3,000,371
Total Assessment
$3,815,306
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