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Cedar Creek Apartments 1000 E University Dr 67 Unit Apartment Building For Sale College Station, TX 77840
Investment Highlights
- Outstanding Agency Loan Assumption Opportunity
- Well-Maintained Asset with Nearly $1.1M in Improvements Since 2020
- Below Market Rents
- Attractive Going-In Yield
- Spacious Floor Plans with Value-Add Potential
- Robust Multifamily Market Fundamentals
Executive Summary
Well Maintained Asset | Loan Assumption | Value-Add Opportunity
Property Facts
| Sale Type | Investment | Lot Size | 4.23 AC |
| No. Units | 67 | Building Size | 93,136 SF |
| Property Type | Multifamily | Average Occupancy | 97% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1984 |
| Building Class | C | Parking Ratio | 1.44/1,000 SF |
| Zoning | B1 | ||
| Sale Type | Investment |
| No. Units | 67 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 4.23 AC |
| Building Size | 93,136 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built | 1984 |
| Parking Ratio | 1.44/1,000 SF |
| Zoning | B1 |
Amenities
Unit Amenities
- Balcony
- Fireplace
- Washer/Dryer
- Heating
- Ceiling Fans
- Kitchen
- High Speed Internet Access
- Walk-In Closets
- Pantry
- Patio
Site Amenities
- Pool
- Property Manager on Site
- Wi-Fi
- Maintenance on site
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 63 | - | 962 - 1,044 |
| 2+2 | 4 | - | 1,044 - 1,083 |
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Fairly walkable
50/100
Exceptionally drivable
90/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 76384 | Improvements Assessment | $4,147,563 CAD |
| Land Assessment | $1,126,525 CAD | Total Assessment | $5,274,088 CAD |
Property Taxes
Parcel Number
76384
Land Assessment
$1,126,525 CAD
Improvements Assessment
$4,147,563 CAD
Total Assessment
$5,274,088 CAD
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Cedar Creek Apartments | 1000 E University Dr
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