$1,900,000

3608 N Chadbourne

San Angelo TX, 76903

Description

Originally built in 1976, the Tuscany Valley Apartments consist of 22 units in two buildings, completely renovated down to the studs in 2020. The main 20 unit complex consists of 8 1BD1BA units (488 SF), 8 2BD1BA units (748 SF), and 4 3BD2BA units (976 SF), while the front house on the property consists of 1 3BD2BA unit and 1 2BD1BA unit. This property is currently operating at an NOI of $118,717 at a 6.25% cap rate on actuals. This is a turnkey investment, presenting new ownership the opportunity to take over a fully renovated property down to the studs and increase rents with the market.******more info in OFFERING MEMORANDUM in attachments******

Details

MLS#14465221
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1976
Days On Site194

Features

SQ Feet18,236
Units22
Water FrontNo
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Area Information
StateTX
CountyTom Green
CitySan Angelo
Zip Code76903
AreaTOM GREEN COUNTY (350)
Listing VS Median (in 76903)
Price:
$1,900,000
low | high
Med:
$495,000
100% of Average
SqFt:
18,236
low | high
Med:
0
100% of Average
$ / SqFt:
$104
low | high
Med:
$0
100% of Average
On Site:
194
low | high
Med:
76
100% of Average
Sourced by Back At You
Listing Updated: May 7, 2021 9:40:04 AM PDT
Logan Waller LogoMLS Number: 14465221
Listing Provided By:
Logan Waller  of  Waller Group LLC

All information provided by the seller and is deemed to be correct, but is not guaranteed. Buyer to verify and satisfy themselves with all information listed including but not limited to lot size, room sizes and square footage.  Buyers are encouraged to have property inspected by inspector of their choice.  Price subject to change.