NAVIDAD portfolio 3 Buildings 12 Units Multi-Family FOR SALE


Bryan, TX
$1,900,000 USD
254-721-7045
, Bryan, TX for Sale
$1,900,000 USD
Multi-Family - FOR SALE
1/23
null | 9.7% Cap Rate

NAVIDAD portfolio 3 Buildings 12 Units
Bryan, TX


HIGHLIGHTS

  • Close to Texas A & M on the bus route
  • Beautiful furnishings
  • Quite Neighborhood

OVERVIEW

This is a unique property, is owned by two Marines who are currently attending Texas A&M and founded Military Millionaires, LLC in 2022. While attending College they built their current portfolio to sustain a viable business when they complete their military obligation. Currently they own 42 properties and Navidad is the largest one. They have been working on this property since the acquisition in December 2022 and have done an amazing job of creating impressive rental units. Of the 12 units, 7 units are currently very popular Airbnb rentals generating an average of $2,300/month, and 5 are mid/long term leases. The cleaner, who also manages the Airbnbs and the mid/long term leases, cleans three of the Airbnbs in exchange for free rent. She has 18 months of experience cleaning and managing Airbnbs and has done a phenomenal job. The Navidad properties are located 10 minutes from the main campus of Texas A&M University and are located on the school bus route. There is a 2-night minimum Airbnb rental and a few short-term leases of 1-6 months initiated by clients coming from all over the world who come to the campus for research and engineering projects. There is a referral department at the University that also refers clients to the property. The lucrative seasonal sports rentals are a primary source of increased income-producing activity for Aggie home game weeks from September to November. Each unit is each 2 bed 1 bath and would be great student rentals as a turn-key move-in. There are two storage sheds behind the buildings that are rented for $45/month to the cleaner and to the tenant at 800B. There are 2 additional storage sheds available for $45/month for other tenants. Check out the units on Airbnb indicating future occupancy reservations. The units would be under 706 Navidad, 708 Navidad, and 800 Navidad in Bryan, Texas.

ASK ABOUT THIS PROPERTY

Cynthia JermanJerman Realty, IncMore Info
254-721-7045

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Cynthia JermanJerman Realty, IncMore Info
254-721-7045

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