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4400 Avenue N
Galveston, TX 77550
The Park At Cedar Lawn · Multifamily Property For Sale
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192 Units
Investment Highlights
- 8.5% year-over-year rent growth with historically high YoY occupancy @ 96%.
- 4-story townhome units have an additional rooftop deck
- Current ownership completing several outdoor cap-ex projects
- YOC 1985 phase is traditional Garden Style. YOC 1932 phase is a former Army hospital made with brick, granite blocks and steel-encased concrete.
- Value-Add through improved management
- Adjacent to the highly-coveted Cedar Lawn sub-division w/ an AMI over $69,000
Property Facts
| No. Units | 192 | Building Size | 190,697 SF |
| Property Type | Multifamily | Average Occupancy | 95% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Garden | Year Built/Renovated | 1985/2015 |
| Building Class | B | Parking Ratio | 1.42/1,000 SF |
| Lot Size | 5.93 AC | ||
| Zoning | Commercial - Commercial | ||
| No. Units | 192 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 5.93 AC |
| Building Size | 190,697 SF |
| Average Occupancy | 95% |
| No. Stories | 3 |
| Year Built/Renovated | 1985/2015 |
| Parking Ratio | 1.42/1,000 SF |
| Zoning | Commercial - Commercial |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Fireplace
- Microwave
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Eat-in Kitchen
- Kitchen
- Hardwood Floors
- Range
- Tub/Shower
- Sunroom
- Walk-In Closets
- Carpet
- Dining Room
- Loft Layout
- Skylights
- Window Coverings
Site Amenities
- Business Center
- Controlled Access
- Laundry Facilities
- Playground
- Pool
- Property Manager on Site
- Package Service
- Vintage Building
- Lounge
- Maintenance on site
- Sundeck
Property Taxes
| Parcel Number | 3510-0007-0000-001 | Improvements Assessment | $11,667,000 |
| Land Assessment | $2,833,000 | Total Assessment | $14,500,000 |
Property Taxes
Parcel Number
3510-0007-0000-001
Land Assessment
$2,833,000
Improvements Assessment
$11,667,000
Total Assessment
$14,500,000
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