2002 20th St
Huntsville, TX 77340
Avenue Townhomes · Multifamily Property For Sale · 22 Units

6.59% CAP RATE We are pleased to present the newest apartment community in the well established College town of Huntsville, TX. With an Acquisition CAP rate of 6.59%, this property is expected to produce $28,600 in monthly revenue. The community consists of four (4) 3,940 SF two-story quadraplexes and two (2) 2,955 SF two-story triplexes. The 2 bedroom units, which are 985 SF each, with a covered walkway, are some of the largest available in Huntsville, just a short walk to Sam Houston State University. Soon to include a green park in the center of the complex, each unit has a covered walkway to promote social interaction and provide a community feel for its tenants. The interior features a living area, dining area, kitchen, and laundry room with stained concrete flooring downstairs. The laundry room adjoins the kitchen, complete with granite looking countertops, dark rich cabinets, a range/ oven, microwave, dishwasher, and a full sized refrigerator with ice-maker. This community offers tenants a private spacious carpeted bedroom suites, generous closet space and a tiled private bath. Each unit is limited to 2 bedrooms, offering more student privacy than other communities in the area offer. This is an excellent opportunity you don't want to miss!  Please click on attachments for Offering Memorandum & Brochure *************************************************************************************************** From Houston, take I-45 into Huntsville. Take exit toward 11th Street/TX-30/U.S. 190 East. Right on 19th St. Right on Normal Park Dr. Left on 20th St. Property is at the NW corner of 20th St. & Avenue S