713-783-6262
4 Stadium Dr, Angleton, TX for Sale
Apartments - FOR SALE
1/27
null | Request Cap Rate

4 Stadium Dr
Angleton, TX 77515


HIGHLIGHTS

  • Value Add Opportunity Post Upgrades and further rent increases
  • Minutes away from employment hubs
  • Approx. $1M in CapX improvements have been completed since January 2020
  • Each unit has individual electric hot water heaters, washer and dryer connections including the appliances, private ground level access
  • Each Unit has a fire sprinkler system, their are 35 garages and an additional 99 covered spaces as well as open space for parking
  • The property is adjacent to the new Angleton high school campus as well as its massive sports facility.

OVERVIEW

Summer House - is being offered on an "All Cash" basis (Buyer to obtain new financing). The property is a 120 unit, "A" grade, garden style apartment community. It is located in the Angleton area of the Houston MSA. This area has good accessibility to the business district along Hwy 288 and the Hwy 35 bypass (523). The property was built by the current owner and has been well taken care of. The owner has expended $1M+ in CapEx since January 2020. Each unit has washer and dryer connections with the appliances included as well as individual electric hot water heaters. Summer House has a stand alone leasing office with a clubhouse that includes a kitchen, an exercise room and a large banquet room for tenant functions. The property has 276 parking spaces of which 99 are covered spaces and 35 are detached garages. Some property amenities include - available Cable, Convenient Access to Major Transportation Arteries in the area, Convenient Commute to the Industrial Complex in Freeport and to the employment in Houston, Washer and Dryer Connections including the Appliances in all units (there is no Laundry Facility on site), Ample Parking (Open, Covered and Detached Garages), Sitting and Grilling areas, Pool, Storage, Perimeter Fenced with Access Gates and each unit has Private Ground Access and has a Fire Sprinkler System.

FOR SALE DETAILS

PRICE

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# OF UNITS

120

CAP RATE

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% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Summer House Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2014

PARKING SPACES

-

LAND DETAILS

LAND ACRES

8.85 AC

LAND SF

385,506 SF

ZONING

-

APN/PARCEL ID

0318-0043-111

ASK ABOUT THIS PROPERTY

Jim HurdHouston Income Properties, Inc.More Info
713-783-6262

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Jim HurdHouston Income Properties, Inc.More Info
713-783-6262

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