2306 Brazeal St - Apartments FOR SALE


Waller, TX 77484
$1,200,000 USD
936-931-3011
2306 Brazeal St, Waller, TX for Sale
$1,200,000 USD
Apartments - FOR SALE
1/4
null | Request Cap Rate

2306 Brazeal St
Waller, TX 77484


HIGHLIGHTS

  • The Waller Apartments offer investors a 12-unit value-add multifamily community with abundant on-site parking and convenient access to area amenities.
  • Sitting just off U.S. 290, the property is minutes from operations for Daikin/Goodman Manufacturing, the county’s largest employer with 8,500 staff.
  • More than 45k residents live within ten miles, with more than 13,000 currently renting their homes, providing a valuable pool of potential residents.
  • Within five minutes of shopping and dining opportunities, including CVS, Buc-ee’s, Tractor Supply Co., Sonic Drive-in, Popeyes, and more.

OVERVIEW

The Waller Apartments comprise a value-add multifamily community with 12 units and a top-tier location in Waller, Texas. The property, originally built on 0.39 acres in 1983, spans 16,112 square feet across two stories. A new owner will have the opportunity to complete unit renovations and capture elevated rents. Sitting just off U.S. 290, the community is easily accessible to shopping and dining opportunities as well as the area’s largest job centers. Daikin/Goodman Manufacturing, the largest employer in Waller County with over 8,500 employees, delivers immense demand to the region. Multiple Daikin/Goodman facilities are within five minutes of the community, as are vital operations for AFGlobal and the local school district. Tenants also enjoy convenient access to nearby household name retailers, including CVS, Buc-ee’s, Tractor Supply Co., Family Dollar, Sonic Drive-in, Popeyes, Jack in the Box, and more. Situated about 40 miles northwest of Houston, Waller offers residents the serenity and comfort of small-town living with convenience to a host of big-city amenities. Waller is filled with quiet, tree-dense neighborhoods where residents can unwind in a natural setting after a long day. The population within 10 miles of the Waller Apartments exceeds 45,000, with more than 13,000 currently renting their homes. Waller also contains a slew of restaurants, markets, and specialty shops for everyday needs. Waller’s close-knit community comes together for a bevy of special events, including the esteemed Christmas Parade and numerous races and tournaments. Attractions like Zube Park, Showboat Drive-In, and Houston Premium Outlets are within minutes of Waller.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$74 USD /SF

# OF UNITS

12

PRICE/UNIT

$100,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Waller Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1983

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

16,988 SF

ZONING

-

APN/PARCEL ID

10767

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.