505 Harvey Rd | College Station, TX 77840
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- LoopNet Team
505 Harvey Rd
College Station, TX 77840
The Atrium · Multifamily Property For Sale
·
479 Units
INVESTMENT HIGHLIGHTS
- Well-maintained asset with over $6M in capital improvements since 2018.
- Outstanding interior value-add opportunity - nearly all units are in classic condition.
- Strong multifamily submarket fundamentals: 94% average occupancy and 7% YOY rent growth.
- Effective rents are well below the market (approximately $0.23 PSF below comparable properties on average).
- Excellent rent growth in recent leases - the last 20 averaged $1.05 PSF compared to the rent roll average of $0.96.
- Approximately one mile from Texas A&M, one of the largest universities in the nation - Fall 2022 enrollment is nearly 75,000.
PROPERTY FACTS
| No. Units | 479 | Building Size | 417,862 SF |
| Property Type | Multifamily | Average Occupancy | 98% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1977 |
| Building Class | B | Parking Ratio | 0.77/1,000 SF |
| Lot Size | 7.95 AC |
| No. Units | 479 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 7.95 AC |
| Building Size | 417,862 SF |
| Average Occupancy | 98% |
| No. Stories | 2 |
| Year Built | 1977 |
| Parking Ratio | 0.77/1,000 SF |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Washer/Dryer
- Washer/Dryer Hookup
- Ceiling Fans
- Tile Floors
- Granite Countertops
- Vaulted Ceiling
- High Speed Internet Access
- Walk-In Closets
- Wi-Fi
SITE AMENITIES
- 24 Hour Access
- Business Center
- Fitness Center
- Laundry Facilities
- Property Manager on Site
- Tennis Court
- Basketball Court
- Breakfast/Coffee Concierge
- Gameroom
- Pet Play Area
- Volleyball Court
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 15 | - | 276 - 408 |
| 1+1 | 115 | - | 640 - 709 |
| 2+2 | 64 | - | 846 |
| 2+2 | 154 | - | 848 - 992 |
| 2+2 | 96 | - | 1,040 |
| 3+2 | 28 | - | 1,104 - 1,239 |
| 3+3 | 4 | - | 1,239 |
| 4+4 | 3 | - | 1,920 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $24,651,530 | |
| Land Assessment | $6,222,858 | Total Assessment | $30,874,388 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$6,222,858
Improvements Assessment
$24,651,530
Total Assessment
$30,874,388
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