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- LoopNet Team
2002 20th St
Huntsville, TX 77340
The Avenue Townhome Apartments · Multifamily Property For Sale
·
22 Units
INVESTMENT HIGHLIGHTS
- 7.60% Cap Rate
- Newest Apartment Community Servicing Huntsville, TX
- Walking Distance to SHSU
- 100% Occupancy; new tenants are being turned away!
- Quiet Premiere Community attracts Great Mix of Quality Tenants
- SHSU Student Population Growth was 28% from 2010 ~ 2019 with enrollment at 21,000 students
PROPERTY FACTS
| No. Units | 22 | Lot Size | 1.46 AC |
| Property Type | Multifamily | Building Size | 24,706 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Townhome | No. Stories | 2 |
| Building Class | B | Year Built | 2017 |
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 1.46 AC |
| Building Size | 24,706 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2017 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Storage Space
- Washer/Dryer
- Ceiling Fans
- Kitchen
- Granite Countertops
- Refrigerator
- Range
- Pantry
- Patio
ABOUT 2002 20TH ST , HUNTSVILLE, TX 77340
This property is the newest premiere apartment community in the well-established college town of Huntsville, TX. The apartments are very quiet with a park-like setting and community feel which makes them unique in this town. They are just a short walk to Sam Houston State University, with a student population of over 21,000. And while most apartments in Huntsville offer a college party atmosphere, this complex attracts a great mix of more mature & serious students, faculty and general community tenants. In recent years, Huntsville has been unable to meet SHSU’s demand for student housing due to a 28% growth rate over the last decade & a incredible 7% increase in graduate students last year. SHSU tuition falls below the average In-State tuition in Texas, making SHSU affordable, both in Texas and in the U.S. Due to the strong student demand in Huntsville and the unique ability of this community to attract a variety of quality tenants, this investment is sure to deliver solid earnings, even in a weakened economy. SEE BROCHURE FOR FURTHER DETAILS
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 22 | - | - |
