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Milann Duplex Portfolio 108 108, 112, 118 & 120 Milann St 8 Unit Apartment Building $1,025,000 ($128,125/Unit) 7.05% Cap Rate Victoria, TX 77901
Investment Highlights
- Texas A&M Victoria transition primed to drive enrollment growth and captive off-campus demand
- Limited multifamily construction in Victoria with rent growth outpacing major Texas metros
- Crossroads of US-59, US-77, and US-87 with 4 major metros within two hours
- Within ±1.7 miles of Texas A&M University–Victoria campus and Citizens Medical Center
- Median rents grown roughly 4–7% year-over-year in affordability-driven 77901 zip code
- 8-unit portfolio renovated in 2022 with value-add upside remaining
Executive Summary
Broker Of Record
Patrick Graham
Matthews Real Estate Investment Services, Inc
528005, 9005919 (TX)
2699 Howell St., Suite 400, Dallas, TX 75204 (866) 889-0550
Patrick Graham
Matthews Real Estate Investment Services, Inc
528005, 9005919 (TX)
2699 Howell St., Suite 400, Dallas, TX 75204 (866) 889-0550
Property Facts
| Price | $1,025,000 | Apartment Style | Garden |
| Price Per Unit | $128,125 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.73 AC |
| Cap Rate | 7.05% | Building Size | 7,795 SF |
| No. Units | 8 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1981/2022 |
| Property Subtype | Apartment |
| Price | $1,025,000 |
| Price Per Unit | $128,125 |
| Sale Type | Investment |
| Cap Rate | 7.05% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.73 AC |
| Building Size | 7,795 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1981/2022 |
1 1
Fairly walkable
50/100
Very drivable
80/100
Fairly bikeable
40/100
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