The Oaks Apartments
52 Unit Apartment Building | $3,250,000 ($62,500/Unit) | Brownwood, TX 76802
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $3,250,000
- Property Type
-
Multifamily
- Square Feet
- 56,787 SF
Listing Contacts
Jordan Cortez
Verified Profile
Will Droese
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Mason John
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Jim McNulty
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Reid Pierce
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Justin Tidwell
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Haley Birmingham
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- Property Info
Property Overview
Vanguard Real Estate Advisors is pleased to present the exclusive opportunity to purchase The Oaks Apartments, a value-add investment opportunity consisting of 52 units located at 1034 Early Boulevard (US-377) in Early, Texas, a suburb of Brownwood. The Property is approximately 125 miles southwest of Fort Worth and 75 miles southeast of Abilene. The one- and two-story property was built in 1979 with units averaging a spacious 1,092 square feet. The Oaks is currently 98.08% occupied (100% leased) and offers significant upside for a new investor. The asking price is only $3,250,000 ($62,500 per unit and $57.23 PSF).
Call us to schedule a tour, they are offered on the following dates:
Tuesday September 10th, Thursday September 12th, Wednesday September 18th, and Tuesday September 24th.
The Call For Offers date is Thursday September 26th on or before 5:00pm CST.
Any third party buyers broker must be compensated by their client and must register their client at initial contact and document review.
Call us to schedule a tour, they are offered on the following dates:
Tuesday September 10th, Thursday September 12th, Wednesday September 18th, and Tuesday September 24th.
The Call For Offers date is Thursday September 26th on or before 5:00pm CST.
Any third party buyers broker must be compensated by their client and must register their client at initial contact and document review.
Property Details
- Class
- C
- Year Built
- 1979
- Stories
- 2
- Lot Size (sq. ft)
- 230,868 SF
- Units
- 52
Highlights
- Potential to implement a value-add interior/exterior renovation program in order to increase rents significantly.
- Potential for a new owner to utilize the approximate 1.2 acres of frontage along US-377 for a multitude of projects including commercial development.
- Situated along US Highway 377, the main thoroughfare of the Brownwood-Early area, allowing for easy travel across the region.
- In-unit amenities include kitchen appliances, patio or balcony, walk-in closets, and full-size washer and dryer connections in all units.
- The Property is being offered on an All-Cash basis, allowing a new investor to place new debt at closing.
- Consisting of 52 units, including 17 one-story units contained within nine buildings.
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