Investment Overview

Summary

  • Sales Price: 2,000,000
  • NOI (Pro Forma): $135,488.10
  • Cap Rate (Pro Forma): 6.77%
  • Units: 20
  • Price/Unit: $100,000
  • Occupancy: 100%

OLDHAM GOODWIN is pleased to present Midtown Villas for your consideration. Consisting of 20 two bedroom, two bath units in Bryan, Texas these garden style apartment buildings offer the opportunity to obtain stable income producing assets with tremendous upside potential. The property is within 3 miles to major employers in the area including Texas A&M University, Downtown Bryan, St. Joseph's Regional Hospital, and Blinn Junior College. Located in Bryan's Midtown District, the area is set to see rapid redevelopment and increased property values due to city investment in several key "catalyst projects" and a favorable entitlement and application process for future development.

With interior renovations of all units completed within the past ten years, the 20 Midtown Villa units feature functional floor plans, offer a private backyard, washer dryer hook ups, and either vinyl or tile in the common areas. Exterior materials include brick facade and metal roofs to minimize maintenance expense over the life of the assets

Property Highlights

20 well maintained 2 Bedroom/2 Bath units located in Bryan’s rapidly redeveloping Midtown District

100% occupancy with low historical vacancy

Low maintenance construction including brick facade and metal roofs

Unit amenities include wood vinyl and tile flooring in common areas, washer/dryer hook ups, and patios
Immediate upside opportunity by pushing to market rents

Close proximity to Texas A&M University, Downtown Bryan, St. Joseph's Regional Hospital, and Blinn Junior College

Conveniently located near major thoroughfares, restaurants, and retailers

Brokerage Services

Tyler Bradfield

Tyler Bradfield