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Laurel Heights Apartments 483 Laurel Ln 72 Unit Apartment Building For Sale New Braunfels, TX 78130
INVESTMENT HIGHLIGHTS
- WELL-RENOVATED ASSET WITH STRONG BASIS AND LIMITED NEAR-TERM CAPEX
- INFILL LOCATION IN THE HEART OF NEW BRAUNFELS
- FAVORABLE UNIT MIX WITH A MAJORITY OF TWO-BEDROOM FLOOR PLANS
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 3.50 AC |
| No. Units | 72 | Building Size | 53,221 SF |
| Property Type | Multifamily | Average Occupancy | 78% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1985 |
| Building Class | C | Parking Ratio | 1.97/1,000 SF |
| Zoning | C-1 | ||
| Sale Type | Investment |
| No. Units | 72 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 3.50 AC |
| Building Size | 53,221 SF |
| Average Occupancy | 78% |
| No. Stories | 2 |
| Year Built | 1985 |
| Parking Ratio | 1.97/1,000 SF |
| Zoning | C-1 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Fireplace
- Ceiling Fans
- Refrigerator
- Carpet
SITE AMENITIES
- Laundry Facilities
- Property Manager on Site
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 24 | - | 582 |
| 2+1 | 48 | - | 782 |
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PROPERTY TAXES
| Parcel Number | 31-0200-0002-00 | Improvements Assessment | $3,702,520 |
| Land Assessment | $1,797,480 | Total Assessment | $5,500,000 |
PROPERTY TAXES
Parcel Number
31-0200-0002-00
Land Assessment
$1,797,480
Improvements Assessment
$3,702,520
Total Assessment
$5,500,000
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Laurel Heights Apartments | 483 Laurel Ln
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