1235 Josey St, Huntsville, TX 77340
2 Multifamily Properties | Online Auction Sale | Huntsville, TX
For Sale
Active
37 pictures
- Property Type
-
Multifamily
- Square Feet
- 219,416 SF
Listing Contacts
Brad Shaffer
Keisha Hartshorn
- Property Info
Property Overview
Newmark is pleased to present the Woodcreek Apartments and the Cornerstone Apartments portfolio to the market for a cash-flowing investment. The Woodcreek Apartments, at 1235 Josey Street, spans six buildings, offering 196 studio, one- and two-bedroom units. The average unit size for this complex is 708 square feet, and plentiful on-site parking is found at the 7.94-acre parcel. The Cornerstone Apartments, 2209 Bobby K Marks Drive, offer 84 one-bedroom units of 955 square feet across five buildings with abundant parking on its 4.86-acre parcel. Woodcreek Apartments stands with an impressive occupancy of 97%, and Cornerstone's is 98%. Both complexes offer air conditioning, heat, high-speed internet access/ Wi-Fi, and are cable-ready, a kitchen with a range, a dishwasher and disposal, carpeting, vinyl, and hardwood flooring throughout, ceiling fans, a tub/shower, dining rooms, walk-in closets, a business center, package services, on-site laundry facilities, a lounge, scenic sundecks and a property manager and on-site maintenance. Woodcreek’s additional site amenities include a spacious yard, a clubhouse, an outdoor pool, and an outdoor volleyball court.
Huntsville, Texas, sits along Interstate 45 in eastern Texas, about 70 miles north of Houston. This small town is home to Sam Houston State University, giving it a vibrant and energetic feel. Its proximity to Sam Houston National Forest gives it a prominent outdoorsy feel that many residents appreciate. Downtown Huntsville, a typical five-minute or less drive from the subject properties, is home to the Sam Houston Memorial Museum and the bulk of the city’s retail and restaurant offerings. Residents enjoy venturing to the shopping centers of Ravenwood Village, New Town West, University Plaza, Center at Huntsville, and Brookhaven Shopping Center. National retailers nearby where locals rely on everyday goods include Walmart Supercenter, Aldi, Goodwill, Kroger, Family Dollar, Walgreens, Starbucks, Target, and CVS. Downtown Huntsville encompasses the triangle formed by Interstate 45, State Route 19, and US Highway 190 in the center of Huntsville.
The 3 miles encompassing both sites confirm a residential population of 41,854 residents, which is expected to grow exponentially (6.8%) by 2028. 34% of this realm consists of a one- to two-person household. Approximately 65% of housing units are renter-occupied, with 36% being one or two units, perfectly coinciding with the portfolio’s assets. 1235 Josey Street and 2209 Bobby K Marks Drive present an impeccable opportunity for strong cash flow, heavy renters/ tenant demand, and a long-term stabilized opportunity to enter the Huntsville Market, a market with a vacancy rate 2.7% lower than it was last year.
0.25bps for buyer broker.
Property tours are available by appointment only. Please get in touch with the listing broker to schedule.
Huntsville, Texas, sits along Interstate 45 in eastern Texas, about 70 miles north of Houston. This small town is home to Sam Houston State University, giving it a vibrant and energetic feel. Its proximity to Sam Houston National Forest gives it a prominent outdoorsy feel that many residents appreciate. Downtown Huntsville, a typical five-minute or less drive from the subject properties, is home to the Sam Houston Memorial Museum and the bulk of the city’s retail and restaurant offerings. Residents enjoy venturing to the shopping centers of Ravenwood Village, New Town West, University Plaza, Center at Huntsville, and Brookhaven Shopping Center. National retailers nearby where locals rely on everyday goods include Walmart Supercenter, Aldi, Goodwill, Kroger, Family Dollar, Walgreens, Starbucks, Target, and CVS. Downtown Huntsville encompasses the triangle formed by Interstate 45, State Route 19, and US Highway 190 in the center of Huntsville.
The 3 miles encompassing both sites confirm a residential population of 41,854 residents, which is expected to grow exponentially (6.8%) by 2028. 34% of this realm consists of a one- to two-person household. Approximately 65% of housing units are renter-occupied, with 36% being one or two units, perfectly coinciding with the portfolio’s assets. 1235 Josey Street and 2209 Bobby K Marks Drive present an impeccable opportunity for strong cash flow, heavy renters/ tenant demand, and a long-term stabilized opportunity to enter the Huntsville Market, a market with a vacancy rate 2.7% lower than it was last year.
0.25bps for buyer broker.
Property tours are available by appointment only. Please get in touch with the listing broker to schedule.
Highlights
- Ability to purchase All Cash or assume existing Fannie Mae loan with an attractive below market fixed rate of 4.67% and over 4.5 years of remaining.
- Significant Value Add Opportunity through interior and exterior renovations resulting in premiums in excess of $100 per unit.
- Less than a mile from one other and on either side of SR 75, offering a five-minute drive to Downtown Huntsville and even closer proximity to I-45.
- Excellent proximity to campus allowing a future owner the opportunity to operate with flexibility towards both student and conventional renter base.
- Cash-flowing portfolio catering to Huntsville expected 6.8% population growth rate of the surrounding 3 miles.
- Offering one and two units, which 36% of the 3-mile residents report to demand in the Downtown Huntsville Submarket.
All available spaces
- Space
- Woodcreek Apartments
- Size
- 138,776 SF
- Space Subtype
- Multifamily
- Space
- Cornerstone Apartments
- Size
- 80,640 SF
- Space Subtype
- Multifamily
Nearby Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].