402 Summer Ct
College Station, TX 77840
8+% CAP - Tenant Occ w/Value-Add · Multifamily Property For Sale · 4 Units

8% 4plex with value-add to increase rents! Less than one mile from brand new (and largest) drive-thru Starbucks (opened February 2020) and 150+ Drury Inn & Suites (under construction). Also adjacent to many other hotels and restaurants/retail within a couple blocks (Hilton, brand new Embassy Suites, etc). . https://oldhamgoodwin.com/oldham-goodwin-group-llc-continues-to-bring-new-businesses-and-developments-to-the-college-station-market/ Tenants pay all bills/utilities. Unit A: 1/1 ($700) - Currently vacant. Marketing for $700 for lease. Could get $750+ with upgrades.(Entire unit somewhat dated but everything functional and in good condition. All appliances convey. W/D connections in unit but no W/D in unit) Unit B: 2/2 ($825) - Section 8 tenant moved in Nov 2019 ($750) and just renewed lease Nov 2020 for 12 months ($825). Could get $875-$950 with upgraded counters/cabinets/appliances/carpet/paint. All appliances inclusive of W/D convey) Unit C: 2/2 ($825) - Tenant moved in Aug 2020 for 12 month lease. Could get $850-$900 with upgraded counters/cabinets/appliances.(renovated with LVT flooring and new carpet, new paint, All appliances inclusive of W/D convey) Unit D: 1/1 ($750) - Currently vacant. Marketing for $750 for lease. Somewhat renovated (LVT, granite counters & backsplash. Could use upgraded cabinets/appliances to get $800+/mo. All appliances inclusive of W/D convey). Roof age is 7+ years. All units have relatively older appliances/cabinets (all still functional and working great). Owner is happy collecting current rents as-is. Seller is selling to move funds to a larger investment. Owner self manages. A property management company manages the Section 8 unit. Property is continuing to appreciate and is in a prime location close to TAMU (on a TAMU bus stop) as well as major commercial development.