3345 W Park Ave | Orange, TX 77630
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3345 W Park Ave
Orange, TX 77630
Camelot Apartments · Multifamily Property For Sale
·
68 Units
Investment Highlights
- Well-maintained asset which was heavily renovated in 2018.
- Luxurious interior finishes rival new construction.
- Multiple value-add opportunities, including implementing RUBS, converting the office into a leasable unit, and charging for trash & reserved parking.
- High current and historical occupancy - 94% average over the last 18 months.
- Strong area growth with over $16 billion in economic developments underway in Orange County.
- Available on an all-cash or loan assumption basis; there is a a Fannie Mae fixed rate loan (4.70%) in-place.
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 | 1971 |
| 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 | 1971 |
| 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
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $600.00 | 400 |
| 1+1 | 24 | $705.00 | 750 - 777 |
| 2+1 | 12 | $895.00 | 979 |
| 2+2 | 28 | $960.00 | 1,249 |
| 3+2 | 3 | $1,020 | 1,530 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $2,173,407 | |
| Land Assessment | $65,334 | Total Assessment | $2,238,741 |
Property Taxes
Parcel Numbers
Land Assessment
$65,334
Improvements Assessment
$2,173,407
Total Assessment
$2,238,741
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