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1803 Potomac Pl
College Station, TX 77840
Potomac Place · Multifamily Property For Sale
·
4 Units
PROPERTY FACTS
| No. Units | 4 | Average Occupancy | 100% |
| Property Type | No. Stories | 1 | |
| Apartment Style | Low-Rise | Year Built/Renovated | 1976/2018 |
| Lot Size | 0.20 AC | Parking Ratio | 2.32/1,000 SF |
| Building Size | 3,454 SF |
| No. Units | 4 |
| Property Type | |
| Apartment Style | Low-Rise |
| Lot Size | 0.20 AC |
| Building Size | 3,454 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1976/2018 |
| Parking Ratio | 2.32/1,000 SF |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
SITE AMENITIES
- Laundry Facilities
ABOUT 1803 POTOMAC PL , COLLEGE STATION, TX 77840
This is a 4-unit property, all Townhome style. 100% FULLY occupied with long term tenants. Units A, C & D tenants have stayed between 3.5 and 10 years! These 3 units have received varying levels of updates in recent years. Unit B was totally remodeled in 2018 featuring all laminate/vinyl flooring and leased within 1 week of being listed. 2-2b/1bth and 2-1bd/1bth. These units are spacious with large closets, plus each unit has a private fenced backyard patio space. There is a coin-operated laundry on site. Roof was replaced about 6 years ago. Central AC/Heat in all units are just about 3 years old. This property provides strong cash flow with a current CAP rate of 8.25%. With a little adjustment in rent to market rates, CAP rate could easily cross 9.50%. Current gross rent is $2400/month with lots of room for increase. Tenants pay for electricity and sewer while owner pays for water and gas (to heat water). Gross monthly expenses of $533 approximately split into $30 for gas (for the water heater), $40 for water, $25 for lawn, $255 for taxes, $133 for insurance and $100 for maintenance. Close to A&M and on the A&M shuttle route. Close to shopping, dining, and groceries! Property is right next to the Bee Creek Park and Arboretum which has a swimming pool, four lighted tennis courts, two lighted softball fields, a pavilion, sand volleyball court, picnic units, and four play units!
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 2 | $750.00 | 950 |
| 1+1 | 2 | $600.00 | 777 |
PROPERTY TAXES
| Parcel Number | 42407 | Improvements Assessment | $256,879 |
| Land Assessment | $61,500 | Total Assessment | $318,379 |
PROPERTY TAXES
