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Midtown Villas - Bryan, TX 1601 S College Ave 20 Unit Apartment Building $2,000,000 ($100,000/Unit) Bryan, TX 77801
INVESTMENT HIGHLIGHTS
- 20 well maintained 2 Bedroom/2 Bath units located in Bryan’s rapidly redeveloping Midtown District
- Low maintenance construction including brick facade and metal roofs
- Immediate upside opportunity by pushing to market rents
- 100% occupancy with low historical vacancy
- Unit amenities include wood vinyl and tile flooring in common areas, washer/dryer hook ups, and patios
- Close proximity to Texas A&M University, Downtown Bryan, St. Joseph's Regional Hospital, and Blinn Junior College
EXECUTIVE SUMMARY
OLDHAM GOODWIN is pleased to present Midtown Villas for your consideration. Consisting of 20 two bedroom, two bath units in Bryan, Texas these garden style apartment buildings offer the opportunity to obtain stable income producing assets with tremendous upside potential. The property is within 3 miles to major employers in the area including Texas A&M University, Downtown Bryan, St. Joseph's Regional Hospital, and Blinn Junior College. Located in Bryan's Midtown District, the area is set to see rapid redevelopment and increased property values due to city investment in several key "catalyst projects" and a favorable entitlement and application process for future development.
With interior renovations of all units completed within the past ten years, the 20 Midtown Villa units feature functional floor plans, offer a private backyard, washer dryer hook ups, and either vinyl or tile in the common areas. Exterior materials include brick facade and metal roofs to minimize maintenance expense over the life of the assets.
With interior renovations of all units completed within the past ten years, the 20 Midtown Villa units feature functional floor plans, offer a private backyard, washer dryer hook ups, and either vinyl or tile in the common areas. Exterior materials include brick facade and metal roofs to minimize maintenance expense over the life of the assets.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $2,000,000 | Building Class | C |
| Price Per Unit | $100,000 | Lot Size | 1.35 AC |
| Sale Type | Investment | Building Size | 19,150 SF |
| No. Units | 20 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1969 |
| Apartment Style | Garden |
| Price | $2,000,000 |
| Price Per Unit | $100,000 |
| Sale Type | Investment |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.35 AC |
| Building Size | 19,150 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1969 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 20 | - | - |
1 1
PROPERTY TAXES
| Parcel Number | 44582 | Improvements Assessment | $452,047 |
| Land Assessment | $188,661 | Total Assessment | $640,708 |
PROPERTY TAXES
Parcel Number
44582
Land Assessment
$188,661
Improvements Assessment
$452,047
Total Assessment
$640,708
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Midtown Villas - Bryan, TX | 1601 S College Ave
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