381 N Centro Cir - Apartments FOR SALE


Shenandoah, TX 77385
$27,432,000 USD
469-652-8902
381 N Centro Cir, Shenandoah, TX for Sale
$27,432,000 USD
Apartments - FOR SALE
1/30
null | Request Cap Rate

381 N Centro Cir
Shenandoah, TX 77385


HIGHLIGHTS

  • Fully Stabilized Community
  • Gated Community & Resort Style Pool & Dog Park
  • 9 Ft. Ceilings & Privately Fenced Backyards & 2-Car Garages w/ EV Chargers
  • Double Masters in 4-Bedroom Fairfield Plan
  • Low Tax Rate - No MUD

OVERVIEW

Rare Opportunity in a Tier-1 Suburban Location that offers Institutional-quality, community with amenities that meet the need of today’s renter and investor. Operational Strength & Demographics in Amenity rich community is a standout amongst peers; supported by strong leasing performance and average household income of $130K+. In-place and Long-term Growth Fundamentals, the population has grown 20% over the past 5 years and is projected to grow another 9% over the next 5 years, with average HHI’s of $130K within a one-mile radius. Projected 5-year submarket rent growth of nearly 6%. You can purchase select units from the 80 units remaining (see the availability map under links for details). The current property management is willing to stay on if desired.

FOR SALE DETAILS

PRICE

$27,432,000 USD

PRICE/SF

$191 USD /SF

# OF UNITS

80

PRICE/UNIT

$342,900

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Centro Modern Homes

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2023

PARKING SPACES

-

LAND DETAILS

LAND ACRES

9.58 AC

LAND SF

417,305 SF

ZONING

PDD #11

APN/PARCEL ID

3369-00-10700

ASK ABOUT THIS PROPERTY

Monica VargasBridge TowerMore Info
469-652-8902

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Monica VargasBridge TowerMore Info
469-652-8902

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