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2224 Live Oak St
Commerce, TX 75428
The Estates at Commerce · Multifamily Property For Sale
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117 Units
PROPERTY FACTS
| No. Units | 117 | Lot Size | 7.53 AC |
| Property Type | Multifamily | Building Size | 90,250 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1976/2016 |
| Building Class | F | Parking Ratio | 3.32/1,000 SF |
| Zoning | A-2 (Apt Dist 2) | ||
| No. Units | 117 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | F |
| Lot Size | 7.53 AC |
| Building Size | 90,250 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1976/2016 |
| Parking Ratio | 3.32/1,000 SF |
| Zoning | A-2 (Apt Dist 2) |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Tub/Shower
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- 24 Hour Access
- Fitness Center
- Security System
- Tennis Court
- Walk-Up
- Smoke Detector
ABOUT 2224 LIVE OAK ST , COMMERCE, TX 75428
Property tours are available by appointment ONLY. Please contact Ryan Tobias to schedule at rtobias@triadrepartners.com or 312-285-3634. Investment Highlights: Rare student housing development opportunity with utility infrastructure and 6 vacant buildings Premium location only two blocks from Texas A&M - Commerce ñ7.92 acres with current zoning up to 229 units allowed Previously 117 unit apartment complex with most buildings still in place Walking distance to campus, restaurants and ñ2 miles to new Walmart Supercenter 41% university enrollment growth over the past eight years Texas A&M currently has no purpose built off campus student housing Investment Overview: Texas A&M Development Student Housing (the "Property") is a vacant student housing development opportunity at 2224 Live Oak Street in Commerce, TX. The Property consists of two contiguous parcels totaling 7.92 acres (344,952 SF), which are within walking distance to the university. This development site is zoned General Business and can accommodate up to 229 apartment units with a building height limit of 2.5 stories. The zoning indicates a minimum of 2 parking spaces per unit. The Property is perfectly suited for s The Property is perfectly suited for student housing within walking distance to Texas A&M-Commerce. The site is a former apartment complex and the existing improvements consist of an obsolete 117-unit complex that will be delivered vacant and as-is. Texas A&M - Commerce is located ñ65 miles NE of Dallas. Enrollment is growing with record fall 2016 enrollment of 12,385 with the largest freshman class in school history of 1,100. The University is committed to future growth as a new 490 bed residence hall is scheduled to open in 2017. Currently, Texas A&M - Commerce has no purpose built student housing in the market. Per the broker, enrollment is projected to grow to 13,479 by 2025, so off-campus housing is in great demand and assures the investor of full occupancy for years to come.
PROPERTY TAXES
| Parcel Number | 38679 | Improvements Assessment | $801,040 |
| Land Assessment | $328,050 | Total Assessment | $1,129,090 |
PROPERTY TAXES
