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Enclave Apartments 17 W 31st St 14 Unit Apartment Building For Sale 10.28% Cap Rate San Angelo, TX 76903
Investment Highlights
- 14-unit multifamily asset with renovated units and remaining value-add upside.
- Located in San Angelo, a stable regional hub supported by Angelo State University and Goodfellow Air Force Base.
Executive Summary
The Enclave Apartments is a 14-unit, garden-style multifamily property located at 17 W 31st Street in San Angelo, Texas. Built in 1974, the property consists entirely of one-bedroom units averaging 600 square feet. Thirteen of the fourteen units have been upgraded, and the asset offers additional upside through continued rent growth, implementation of RUBS, and the potential addition of covered parking and in-unit washer/dryers.
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
Property Facts
| Sale Type | Investment | Building Class | B |
| Cap Rate | 10.28% | Lot Size | 0.45 AC |
| No. Units | 14 | Building Size | 8,400 SF |
| Property Type | Multifamily | Average Occupancy | 89% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1973/2020 |
| Zoning | MF - Multi-Family | ||
| Sale Type | Investment |
| Cap Rate | 10.28% |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.45 AC |
| Building Size | 8,400 SF |
| Average Occupancy | 89% |
| No. Stories | 2 |
| Year Built/Renovated | 1973/2020 |
| Zoning | MF - Multi-Family |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 14 | - | 600 - 700 |
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Fairly walkable
40/100
Very drivable
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 18-33200-0010-007-00 | Improvements Assessment | $500,980 |
| Land Assessment | $16,020 | Total Assessment | $517,000 |
Property Taxes
Parcel Number
18-33200-0010-007-00
Land Assessment
$16,020
Improvements Assessment
$500,980
Total Assessment
$517,000
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