Centro Modern Homes
80 Unit Apartment Building | $27,432,000 ($342,900/Unit) | Shenandoah, TX 77385
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $27,432,000
- Property Type
-
Multifamily
- Square Feet
- 143,704 SF
Listing Contacts
Monica Vargas
Verified Profile
- Property Info
Property Overview
Rare Opportunity in a Tier-1 Suburban Location that offers Institutional-quality, community with amenities that meet the need of today’s renter and investor. Operational Strength & Demographics in Amenity rich community is a standout amongst peers; supported by strong leasing performance and average household income of $130K+.
In-place and Long-term Growth Fundamentals, the population has grown 20% over the past 5 years and is projected to grow another 9% over the next 5 years, with average HHI’s of $130K within a one-mile radius. Projected 5-year submarket rent growth of nearly 6%.
You can purchase select units from the 80 units remaining (see the availability map under links for details). The current property management is willing to stay on if desired.
In-place and Long-term Growth Fundamentals, the population has grown 20% over the past 5 years and is projected to grow another 9% over the next 5 years, with average HHI’s of $130K within a one-mile radius. Projected 5-year submarket rent growth of nearly 6%.
You can purchase select units from the 80 units remaining (see the availability map under links for details). The current property management is willing to stay on if desired.
Property Details
- Class
- B
- Year Built
- 2023
- Stories
- 3
- Lot Size (sq. ft)
- 417,305 SF
- Units
- 80
Highlights
- Fully Stabilized Community
- Gated Community & Resort Style Pool & Dog Park
- 9 Ft. Ceilings & Privately Fenced Backyards & 2-Car Garages w/ EV Chargers
- Double Masters in 4-Bedroom Fairfield Plan
- Low Tax Rate - No MUD
Nearby Properties
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FAQ
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