2300 Stone Hollow Dr - Apartments FOR SALE


Brenham, TX 77833
$685,000 USD
936-931-3011
2300 Stone Hollow Dr, Brenham, TX for Sale
$685,000 USD
Apartments - FOR SALE
1/6
null | 6.1% Cap Rate

2300 Stone Hollow Dr
Brenham, TX 77833


HIGHLIGHTS

  • Great location!

OVERVIEW

Property Highlights: Stone Ridge is a 2-story, garden style apartment property located in beautiful and desirable Brenham, Texas. Entrance is at the corner of Stone Hollow and Stone Hill, and this provides some privacy away from the street frontage. The property has been beautifully maintained and shows pride of ownership. All units are in nice condition with many updates over the recent years. This investment will provide cash flow starting on the first day. Details: • 6 units, built 1998, 100% occupancy • All are 1 bedroom, 1 bath, 710 sq. feet • Avg. rent $800 per unit • Units have washer/dryer connections • Walk-in closets • Covered parking – a great amenity • Long term residents • Quiet property with no student tenants 2024 Gross Income: $51,500 (2 units were remodeled) 2025 Expected Gross: $60,200

FOR SALE DETAILS

PRICE

$685,000 USD

PRICE/SF

$161 USD /SF

# OF UNITS

6

PRICE/UNIT

$114,167

CAP RATE

6.1%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Stone Ridge Apartments

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1998

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,651 SF

ZONING

-

APN/PARCEL ID

R44758

ASK ABOUT THIS PROPERTY

Colt HaackColdwell BankerMore Info
936-931-3011

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Colt HaackColdwell BankerMore Info
936-931-3011

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.