2526 Lamar Ave | Paris, TX 75460
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- LoopNet Team
2526 Lamar Ave
Paris, TX 75460
The Regency Apartments · Multifamily Property For Sale
·
100 Units
INVESTMENT HIGHLIGHTS
- Assumable Fannie Mae Loan With 4.01% Rate Until 2032 at ~60% LTV
- $3.2MM+ in Improvement Upside
- Strategically Located at the Cross-Section of Loop-286, Hwy-271, and Hwy-82
- Roofs are only 4-5 Years Old
- 68% Are 2–3 Bedroom Units – Floorplans up to 1,250 SF
- Located 1 Mile From Paris Jr College With Over 6,000 Students
PROPERTY FACTS
| No. Units | 100 | Lot Size | 5.00 AC |
| Property Type | Multifamily | Building Size | 90,516 SF |
| Property Subtype | Apartment | Average Occupancy | 89% |
| Apartment Style | Garden | No. Stories | 2 |
| Building Class | C | Year Built | 1984 |
| Zoning | R-2 - zoned for multi-family | ||
| No. Units | 100 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 5.00 AC |
| Building Size | 90,516 SF |
| Average Occupancy | 89% |
| No. Stories | 2 |
| Year Built | 1984 |
| Zoning | R-2 - zoned for multi-family |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Clubhouse
- Laundry Facilities
- Pool
- Property Manager on Site
- Maintenance on site
- Online Services
- Sundeck
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 32 | - | 748 |
| 2+2 | 60 | - | 943 |
| 3+2 | 8 | - | 1,250 |
PROPERTY TAXES
| Parcel Number | 17945 | Improvements Assessment | $2,997,180 |
| Land Assessment | $502,820 | Total Assessment | $3,500,000 |
PROPERTY TAXES
Parcel Number
17945
Land Assessment
$502,820
Improvements Assessment
$2,997,180
Total Assessment
$3,500,000
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