313 Williamsburg Ave | Victoria, TX 77904
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- LoopNet Team
313 Williamsburg Ave
Victoria, TX 77904
Gardens of Victoria · Multifamily Property For Sale
·
67 Units
INVESTMENT HIGHLIGHTS
- Well-maintained asset with over $326,000 in capital improvements since 2020.
- Space available for development of additional units - the sale includes ±0.53 acres of vacant land.
- Favorable property taxes relative to other counties.
- Attractive basis & going-in yield compared to similar properties in other markets.
- Excellent multifamily market fundamentals: 4.7% year-over-year rent growth and 93% average occupancy.
- Excellent location just off major thoroughfare; proximity to Victoria East High School, Caterpillar Inc., Berry Global, and Victoria Mall.
PROPERTY FACTS
| No. Units | 67 | Building Size | 57,313 SF |
| Property Type | Multifamily | Average Occupancy | 83% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1983/2014 |
| Building Class | C | Parking Ratio | 2.79/1,000 SF |
| Lot Size | 4.96 AC | ||
| Zoning | C | ||
| No. Units | 67 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 4.96 AC |
| Building Size | 57,313 SF |
| Average Occupancy | 83% |
| No. Stories | 2 |
| Year Built/Renovated | 1983/2014 |
| Parking Ratio | 2.79/1,000 SF |
| Zoning | C |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Fireplace
- Washer/Dryer Hookup
- Ceiling Fans
- Refrigerator
- Oven
- Range
- Carpet
- Patio
- Wet Bar
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- 24 Hour Access
- Clubhouse
- Picnic Area
- Pool
- Tennis Court
- Basketball Court
- Storage Space
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 31 | $845.00 | 576 - 604 |
| 1+2 | 3 | $945.00 | 864 |
| 2+2 | 33 | $1,095 | 1,044 - 1,102 |
PROPERTY TAXES
| Parcel Number | 33910R1-001-001RA | Improvements Assessment | $2,476,470 |
| Land Assessment | $414,830 | Total Assessment | $2,891,300 |
PROPERTY TAXES
Parcel Number
33910R1-001-001RA
Land Assessment
$414,830
Improvements Assessment
$2,476,470
Total Assessment
$2,891,300
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