Log In/Sign Up
Your email has been sent.
Mill Bridge Apartments 1045 Sanger Ave 48 Unit Apartment Building For Sale New Braunfels, TX 78130
Executive Summary
OLDHAM GOODWIN is pleased to present the opportunity to acquire Mill Bridge Apartments, a 48-unit apartment community strategically positioned along the Guadalupe River in New Braunfels, Texas. Situated adjacent to the historic Faust Street Bridge and minutes from Interstate 35, the property offers residents convenient access to major employers, healthcare facilities, retail destinations, and entertainment venues throughout the Austin-San Antonio corridor. The asset benefits from a highly desirable riverfront setting, proximity to one of Texas’ fastest-growing communities, and direct access to a regional economy recognized for its job growth, business-friendly environment, and strong population trends. Additionally, the units have already demonstrated successful rent growth through interior upgrades, providing a clear path for a new owner to continue renovations and capture additional upside through increased rental income and long-term value appreciation.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Sale Type | Investment | Lot Size | 5.96 AC |
| No. Units | 48 | Building Size | 36,192 SF |
| Property Type | Multifamily | Average Occupancy | 80% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1997 |
| Building Class | B | ||
| Zoning | C-3 - Commercial District | ||
| Sale Type | Investment |
| No. Units | 48 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 5.96 AC |
| Building Size | 36,192 SF |
| Average Occupancy | 80% |
| No. Stories | 3 |
| Year Built | 1997 |
| Zoning | C-3 - Commercial District |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Microwave
- Washer/Dryer
- Washer/Dryer Hookup
- Ceiling Fans
- Tile Floors
- High Speed Internet Access
- Refrigerator
- Views
- Walk-In Closets
- Carpet
- Wheelchair Accessible (Rooms)
Site Amenities
- Clubhouse
- Fitness Center
- Pool
- Gated
- Key Fob Entry
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | $1,150 | 571 |
| 1+1 | 24 | $1,225 | 770 |
| 2+2 | 12 | $1,350 | 905 |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 01-0000-0626-00 | Improvements Assessment | $1,894,365 |
| Land Assessment | $1,653,985 | Total Assessment | $3,548,350 |
Property Taxes
Parcel Number
01-0000-0626-00
Land Assessment
$1,653,985
Improvements Assessment
$1,894,365
Total Assessment
$3,548,350
1 of 21
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Mill Bridge Apartments | 1045 Sanger Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.