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Linkwood Garden Apartments 1500 Link Ave 70 Unit Apartment Building $5,099,935 ($72,856/Unit) 4.76% Cap Rate Orange, TX 77630
Investment Highlights
- Busy business districts Price reduced from $108 per squares footage to $83 / Sales price from $6,636,000.00 reduced to $5,000,000.00 for quick sales.
- Two out of Four buildings with bitumen new roof, one third of apartments recently remodel plus 15 new AC units.
- The economy in Orange, Texas, is experiencing a major boom, driven by massive industrial investments like Golden Triangle Polymers plant & energy proj
- Possible Owner financing with low interest rate, Need Letter of Intent and proof of funds, No further documents can be shown before Letter of intent.
- Olympic size swimming pool, coin operated commercial washer and dryer. 70 units garden style apartment all with cover parking, next to Kroger Market.
- Possible Master Lease for the first year for helping buyers making 100% occupancy, Owner Retire lack of management teams, Buyer must have experience.
Executive Summary
Busy business districts Price reduced from $108 per squares footage to $83 / Sales price from $6,636,000.00 reduced to $5,000,000.00 for quick sales. Owner Retire lack of management teams, Buyer needs to have apartments managements experiences.
Possible Owner financing with low interest rate, Need Letter of Intent and proof of funds, No further documents can be shown before Letter of intent.
Olympic size swimming pool, coin operated commercial washer and dryer.
70 units garden style apartment all with cover parking, next to Kroger Super Market, McDonalds, Popeye, Golden Chicken Fast-food restaurant.
Two out of Four buildings with bitumen new roof, one third of apartments recently remodel plus 15 new AC units
The economy in Orange, Texas, is experiencing a major boom, driven by massive industrial investments like the Golden Triangle Polymers plant and energy projects, which are fueling local infrastructure expansion, residential subdivisions, and retail developments
Do not disturb tenants and employees, drive-by only. Potential for Increasing Rent/Revenue (Current low rent).
Possible Master Lease for the first year helping buyers making 100% occupancy.
Possible Owner financing with low interest rate, Need Letter of Intent and proof of funds, No further documents can be shown before Letter of intent.
Olympic size swimming pool, coin operated commercial washer and dryer.
70 units garden style apartment all with cover parking, next to Kroger Super Market, McDonalds, Popeye, Golden Chicken Fast-food restaurant.
Two out of Four buildings with bitumen new roof, one third of apartments recently remodel plus 15 new AC units
The economy in Orange, Texas, is experiencing a major boom, driven by massive industrial investments like the Golden Triangle Polymers plant and energy projects, which are fueling local infrastructure expansion, residential subdivisions, and retail developments
Do not disturb tenants and employees, drive-by only. Potential for Increasing Rent/Revenue (Current low rent).
Possible Master Lease for the first year helping buyers making 100% occupancy.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $5,099,935 | Building Class | B |
| Price Per Unit | $72,856 | Lot Size | 3.13 AC |
| Sale Type | Investment | Building Size | 66,327 SF |
| Cap Rate | 4.76% | Average Occupancy | 60% |
| Sale Condition | Distress Sale | No. Stories | 2 |
| No. Units | 70 | Year Built/Renovated | 1972/2017 |
| Property Type | Multifamily | Parking Ratio | 1.63/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Garden | ||
| Zoning | Multiple - Multiple Family Garden Style Apartments | ||
| Price | $5,099,935 |
| Price Per Unit | $72,856 |
| Sale Type | Investment |
| Cap Rate | 4.76% |
| Sale Condition | Distress Sale |
| No. Units | 70 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 3.13 AC |
| Building Size | 66,327 SF |
| Average Occupancy | 60% |
| No. Stories | 2 |
| Year Built/Renovated | 1972/2017 |
| Parking Ratio | 1.63/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | Multiple - Multiple Family Garden Style Apartments |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Heating
- Tile Floors
- Refrigerator
- Oven
- Range
- Tub/Shower
- Carpet
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Property Manager on Site
- Public Transportation
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 17 | - | 888 - 900 |
| 2+1 | 9 | - | 997 - 1,088 |
| 2+1.5 | 42 | - | 1,000 - 1,276 |
| 3+1 | 2 | - | 1,192 - 1,238 |
Fairly walkable
50/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 011945-009690 | Total Assessment | $1,951,938 |
| Land Assessment | $117,640 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,834,298 | Tax Year | 2025 |
Property Taxes
Parcel Number
011945-009690
Land Assessment
$117,640
Improvements Assessment
$1,834,298
Total Assessment
$1,951,938
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Photos
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Presented by
ACP Associates LLC
Linkwood Garden Apartments | 1500 Link Ave
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