401 E Main St - Apartments FOR SALE


Brenham, TX 77833
$2,250,000 USD
713-714-3088
401 E Main St, Brenham, TX for Sale
$2,250,000 USD
Apartments - FOR SALE
1/35
null | Request Cap Rate

401 E Main St
Brenham, TX 77833


HIGHLIGHTS

  • Large Courtyard
  • Covered Parking
  • Laundry Facilities

OVERVIEW

Colonial Oaks is an architecturally unique, fully leased 16-unit multifamily offering within the Opportunity Zone, just steps from historic Downtown Brenham shopping and dining and one mile to Blinn College Main Campus. With 12 one-bedroom units and four two-bedroom units spread across two buildings, Colonial Oaks provides covered off-street parking and offers a tranquil and well-maintained place for seniors, professionals, and students to call home. This stabilized asset in a rapidly growing market with limited inventory can be operated as-is for cash flow or is a prime candidate to put Opportunity Zone tax benefits to work by redeveloping the property into an Airbnb or boutique hotel, for which competition is scarce, and demand is high.

FOR SALE DETAILS

PRICE

$2,250,000 USD

PRICE/SF

$170 USD /SF

# OF UNITS

16

PRICE/UNIT

$140,625

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Downtown Brenham Apts in Opportunity Zone

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.56 AC

LAND SF

24,394 SF

ZONING

-

APN/PARCEL ID

APN R24024

ASK ABOUT THIS PROPERTY

Loren MinerEastwood CommercialMore Info
713-714-3088

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Loren MinerEastwood CommercialMore Info
713-714-3088

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