3345 W Park Ave
Orange, TX 77630
Camelot Apartments · Multifamily Property For Sale
·
68 Units
Property Facts
| No. Units | 68 | Building Size | 69,972 SF |
| Property Type | Multifamily | Average Occupancy | 93% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1971/2018 |
| Building Class | C | Parking Ratio | 1.49/1,000 SF |
| Lot Size | 3.43 AC | ||
| Zoning | B2, Duplex | ||
| No. Units | 68 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 3.43 AC |
| Building Size | 69,972 SF |
| Average Occupancy | 93% |
| No. Stories | 2 |
| Year Built/Renovated | 1971/2018 |
| Parking Ratio | 1.49/1,000 SF |
| Zoning | B2, Duplex |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Tile Floors
- Refrigerator
- Oven
- Range
- Tub/Shower
- Patio
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Property Manager on Site
About 3345 W PARK AVE , ORANGE, TX 77630
Greystone National Apartment Advisors is pleased to offer Camelot Apartments, a 68-unit multifamily opportunity in desirable Orange, Texas. -Extensively remodeled with approximately $1 million in Capital Improvements in 2018/ 19 (list available upon request) which included both exterior and interior updates. Interior upgrades included new shaker cabinets, stainless steel appliances, faux wood flooring, granite counter tops in 93% of the units. Renovation of this magnitude should allow for ease of ownership and lower than average maintenance cost compared to other apartment investments in the area. -Value-add opportunity through improved management and completed upgrades to the remaining 7% the units. -Rental rates for assets of this class in Orange, TX are $0.92, while Camelot’s in-place rents are just $0.75/ SF (Market Rent is $0.84), allowing for new ownership to increase rental collections in the short term. -Attractive unit mix with Studio, 1, 2 and 3-Bedroom floor plans. Washer/ Dryer connections in all Townhome units. -Growing submarket in the Golden Triangle according to CoStar Analytics should allow for rate increases for many years to come. -Available “All Cash”.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 25 | - | 750 - 777 |
| 2+2 | 40 | - | 979 - 1,249 |
| 3+2 | 3 | - | 1,530 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $2,173,407 | |
| Land Assessment | $65,334 | Total Assessment | $2,238,741 |
Property Taxes
