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1200 Bromberg St
Mineola, TX 75773
The Arbors of Mineola · Multifamily Property For Sale
·
32 Units
PROPERTY FACTS
| No. Units | 32 | Lot Size | 3.69 AC |
| Property Type | Multifamily | Building Size | 65,766 SF |
| Property Subtype | Apartment | Average Occupancy | 99% |
| Apartment Style | Garden | No. Stories | 3 |
| Building Class | B | Year Built | 2014 |
| Zoning | B2 | ||
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 3.69 AC |
| Building Size | 65,766 SF |
| Average Occupancy | 99% |
| No. Stories | 3 |
| Year Built | 2014 |
| Zoning | B2 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Microwave
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Tile Floors
- Eat-in Kitchen
- Kitchen
- Granite Countertops
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Oven
- Sprinkler System
- Range
- Carpet
- Breakfast Nook
- Double Pane Windows
- Pantry
- Patio
- Recreation Room
- Smoke Free
- Window Coverings
SITE AMENITIES
- Fenced Lot
- Property Manager on Site
- Pet Play Area
- Smoke Free
- Maintenance on site
ABOUT 1200 BROMBERG ST , MINEOLA, TX 75773
We are proud to offer this impressive multi-family investment opportunity. At $2,999,500, this complex sells for $91.55 per sq. ft. and $93.734 per unit. All the units are currently leased and generating a 7.0% cap rate. Total rentable building area is 32,760 sq. ft. This is an extremely well-built complex. All units have 10-ft. ceilings with crown moldings, oak cabinets, granite countertops and wood floors. All units have a utility room, even the one-bedroom units. This offering includes 1.2 acres of undeveloped land and blueprints to add an additonal 32 units. This growing East Texas town offers convenient access to Dallas, Tyler, and Longview. The strong economy of this town is drawing interest quickly. Major new industries are moving into the area. (See attached documents). Sanderson Farms will be adding a new mill facility, an investment of 30 million dollars (See attached documents). This complex sits on 3.69 acres of which 1.2 acres are undeveloped. Land and blueprints are ready to build an additional 32 units and bring the total to 64 units (See attached aerial photo). An office building is also available and offered separately.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | $750.00 | 810 |
| 2+1 | 20 | $900.00 | 1,055 |
PROPERTY TAXES
| Parcel Number | R130519 | Improvements Assessment | $5,753,833 |
| Land Assessment | $56,946 | Total Assessment | $5,810,779 |
PROPERTY TAXES
