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