2520 5Th Ave, Canyon, TX 79015
16 Unit Apartment Building | $2,700,000 ($168,750/Unit) | Canyon, TX 79015
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,700,000
- Property Type
-
Multifamily
- Square Feet
- 10,300 SF
Listing Contacts
Zane Oliver
Verified Profile
- Property Info
Property Overview
Welcome to Canyon and WTAMU’s latest addition in luxury student housing. We are very excited to offer a fully furnished, all-bills paid facility. The design is cutting edge and offers a modern style of living. With over 2,500 SF of space on each level, each student apartment spans 400 SF and extends another 1,000 SF of general living space. Each spacious unit is individually climate controlled, offers an oversize private bath, 50” tv, large study desk, walk-in closet, private washer and dryer and private food pantry. It is everything a student needs to keep on track with their studies during the school year.
Impeccable planning and thoughtful design enable this property to not only function beautifully for its residents, but it’s also highly energy efficient with spray foam insulation, led lighting, and mini-split HVAC systems. The future owner will also appreciate the very low maintenance thanks to the stucco and stone veneer, concrete parking, and artificial turf landscape.
Canyon is home to West Texas A&M University, with more than 10,000 students enrolled. WTAMU offers 59 undergraduate degree programs, and more than 40 graduate degrees, including 2 doctoral degrees.
2520 is located one block south of the University bringing unparalleled convenience.
The multifamily market in Canyon has a historical occupancy rate over 92% and a consistently growing student demand. With construction completed in August 2023, the property already has occupancy of 50% and current lease rates are $1,100 per private bedroom. Expected stabilization is Summer of 2024.
Impeccable planning and thoughtful design enable this property to not only function beautifully for its residents, but it’s also highly energy efficient with spray foam insulation, led lighting, and mini-split HVAC systems. The future owner will also appreciate the very low maintenance thanks to the stucco and stone veneer, concrete parking, and artificial turf landscape.
Canyon is home to West Texas A&M University, with more than 10,000 students enrolled. WTAMU offers 59 undergraduate degree programs, and more than 40 graduate degrees, including 2 doctoral degrees.
2520 is located one block south of the University bringing unparalleled convenience.
The multifamily market in Canyon has a historical occupancy rate over 92% and a consistently growing student demand. With construction completed in August 2023, the property already has occupancy of 50% and current lease rates are $1,100 per private bedroom. Expected stabilization is Summer of 2024.
Property Details
- Class
- A
- Year Built
- 2023
- Stories
- 2
- Property Subtype
- Dormitory
- Lot Size (sq. ft)
- 14,375 SF
- Units
- 16
Highlights
- Fully Furnished including leather seating & queen size bed & TVs
- Walking Distance to the Campus
- Private Individual Washer/Dryer
- Private Individual Lockable Food Pantry
- Oversize Private Bathroom with Linen Storage
- Assigned Private Parking
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