2455 Montgomery Rd - Apartments FOR SALE


Huntsville, TX 77340- Downtown Huntsville
$6,225,000 USD
214-556-1951
2455 Montgomery Rd, Huntsville, TX for Sale
$6,225,000 USD
Apartments - FOR SALE
1/10
null | Request Cap Rate

2455 Montgomery Rd
Huntsville, TX 77340
Downtown Huntsville


HIGHLIGHTS

  • Potential for a new owner to increase value by adding community amenities such as a sport court, playground, dog run, and more
  • Ability to lightly rehab interiors which may include counter tops, fixtures, new paint, and more
  • Ability to raise current rents of $0.99 psf to market levels as comparable properties are achieving effective rents up to $1.42 psf
  • Located near national retailers such as Sonic, McDonald’s, Starbucks, CVS, Kroger, and Academy amongst others
  • Less than a mile east of Sam Houston State University, a major economic driver for the City
  • In-unit amenities include tile floors, kitchen appliances, walk-in closets, and full sized washer/dryer connections. All new roofs installed in 2019

OVERVIEW

Vanguard Real Estate Advisors (“VREA”) is pleased to present the exclusive opportunity to purchase Montgomery Place Apartments (“Property” or “Montgomery Place”) located in Huntsville, TX. Montgomery Place totals 50 units averaging a spacious 1,000 square feet, all of which are identical 2 bedroom and 2 bathroom units with full size washer/dryer connections. The Property is ideally located along Montgomery Road less than a block south of Sam Houston State University (less than a mile east of State Highway 75/Sam Houston Avenue which is a main city thoroughfare, and one mile east of Interstate 45). The Property was constructed in 2002 and is near national retailers such as Sonic, McDonald’s, Starbucks, CVS, Kroger, and Academy amongst others. The Property has an attractive asking price of $6,225,000 ($124,500 per unit & $124.50 psf). Call us to schedule a tour, they are offered on the following dates: Wednesday April 23rd, Tuesday April 29th, Thursday May 8th & Tuesday May 13th. The Call For Offers date is Thursday May 15th on or before 4:00pm CST.

FOR SALE DETAILS

PRICE

$6,225,000 USD

PRICE/SF

$95 USD /SF

# OF UNITS

50

PRICE/UNIT

$124,500

CAP RATE

Request Cap Rate

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Montgomery Place Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2002

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.06 AC

LAND SF

133,108 SF

ZONING

-

APN/PARCEL ID

32889

ASK ABOUT THIS PROPERTY

Jordan CortezVanguard Real Estate AdvisorsMore Info
214-556-1951

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

Jordan CortezVanguard Real Estate AdvisorsMore Info
214-556-1951

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