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Avenue Townhomes 2002 20th St 22 Unit Apartment Building $3,375,000 ($153,409/Unit) 6.29% Cap Rate Huntsville, TX 77340
INVESTMENT HIGHLIGHTS
- Located in the heart of Huntsville, Texas, just a short walk from Sam Houston State University (SHSU)
- Its proximity to Interstate 45 (approximately 70 miles north of Houston) ensures easy connectivity to major urban centers
- The property’s proximity to SHSU (1.8 miles, ~5-minute drive) positions it as a prime choice for students seeking spacious, updated accommodations.
- Situated in the desirable Avenues area, this property is minutes from SHSU’s campus
- Sam Houston State University, a major economic driver in Huntsville, enrolls over 21,000 students
- The vibrant college town atmosphere, without the oversaturation of bar-centric culture, appeals to a diverse tenant base, including graduate students
EXECUTIVE SUMMARY
Patrick Graham
License # 9005919 (TX)
Matthews Real Estate Investment Services, Inc
2699 Howell St., Suite 400, Dallas, TX 75204
(866) 889-0550
License # 9005919 (TX)
Matthews Real Estate Investment Services, Inc
2699 Howell St., Suite 400, Dallas, TX 75204
(866) 889-0550
PROPERTY FACTS
| Price | $3,375,000 | Apartment Style | Townhome |
| Price Per Unit | $153,409 | Building Class | B |
| Sale Type | Investment | Lot Size | 1.46 AC |
| Cap Rate | 6.29% | Building Size | 24,706 SF |
| No. Units | 22 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 2017 |
| Price | $3,375,000 |
| Price Per Unit | $153,409 |
| Sale Type | Investment |
| Cap Rate | 6.29% |
| 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
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2.5 | 22 | $1,300 | 1,123 |
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Avenue Townhomes | 2002 20th St
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