1105 Westwood Ln | Giddings, TX 78942
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- LoopNet Team
1105 Westwood Ln
Giddings, TX 78942
Grand Orchard Apartment Homes · Multifamily Property For Sale
·
56 Units
INVESTMENT HIGHLIGHTS
- - New ownership, based upon area rent comps, can raise rents up to $130 / unit
- - The subject property grew rents 13% - 14% year over year with a 0% vacancy rate
- - New ownership has the opportunity to implement interior renovation program
- - The property is adjacent to Altman Plants and accessible via 2 major Texas highways
- - All roofs were replaced 2 years ago
- - With rent bump, new ownership can achieve an annual NOI of $502,751
PROPERTY FACTS
| No. Units | 56 | Lot Size | 6.02 AC |
| Property Type | Multifamily | Building Size | 50,112 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Garden | No. Stories | 2 |
| Building Class | C | Year Built | 1981 |
| No. Units | 56 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 6.02 AC |
| Building Size | 50,112 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1981 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Carpet
- Breakfast Nook
- Patio
- Vinyl Flooring
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 48 | $776.00 | 765 |
| 3+1 | 8 | $909.00 | 900 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $2,324,850 | |
| Land Assessment | $253,470 | Total Assessment | $2,578,320 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$253,470
Improvements Assessment
$2,324,850
Total Assessment
$2,578,320
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