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1400 W Henderson Rd
Angleton, TX 77515
Texas Angleton Ranch · Multifamily Property For Sale · 176 Units

INVESTMENT HIGHLIGHTS

  • Significant upside by increasing current occupancy which is currently 81.7%
  • Ideally located within the market; walking distance to area schools and near employers and retail
  • Seller may be willing to provide Purchaser up to $1,000,000 in a preferred equity like structure contingent on price and sponsorship
  • Additional upside potential by continuing current Ownership's interior renovation program to remaining 136 "classic" units
  • Property is being offered on an All-Cash basis

PROPERTY FACTS

No. Units 176
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 6.97 AC
Building Size 145,006 SF
Average Occupancy 94%
No. Stories 2
Year Built/Renovated 1975/2018
Zoning MF - Multi-Family

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Balcony
  • Cable Ready
  • Disposal
  • Fireplace
  • Washer/Dryer Hookup
  • Heating
  • Ceiling Fans
  • Kitchen
  • Granite Countertops
  • Refrigerator
  • Oven
  • Stainless Steel Appliances
  • Range
  • Tub/Shower

SITE AMENITIES

  • 24 Hour Access
  • Laundry Facilities
  • Pet Play Area
  • Maintenance on site
  • Pet Washing Station
  • Public Transportation

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 48 $695.00 -
2+1 40 $785.00 -
2+2 80 $945.00 -
3+2 8 $1,175 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
6552-0000-120
Land Assessment
$1,578,790
Improvements Assessment
$10,421,210
Total Assessment
$12,000,000
  • Listing ID: 21656424

  • Date on Market: 12/3/2020

  • Last Updated:

  • Address: 1400 W Henderson Rd, Angleton, TX 77515

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