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528 Southwest Pky
College Station, TX 77840
Hillstone on the Parkway · Multifamily Property For Sale
·
60 Units
INVESTMENT HIGHLIGHTS
- Well maintained asset
- Well-occupied and managed, management can stay in place if needed
- Convenient to major arterials in College Station and to Texas A&M University
EXECUTIVE SUMMARY
OLDHAM GOODWIN is pleased to present the Hillstone on the Parkway Apartments in College Station, Texas. The property consists of 60
units in total, all 2 bedroom/1 bath units. 32 of the units are 900 square feet and 28 of them are 1,050 square feet. This property serves its
residents with on-site surface parking, and every unit includes washer and dryer connections. Additionally, Hillstone is well-located, with
convenient access to Texas A&M University, retail corridors, and major employment centers. Originally constructed in two phases in 1994 and
1997, the property is in generally well maintained and in good condition, and has been owned by the same investor group for the past 10 years.
Hillstone has relatively few student residents, and the few that it has tend to be older graduate students. It focuses instead on providing a
more stable work-force housing solution. The property is unrestricted and boasts many long-term residents, with most units rented at rates
below area competition, presenting an opportunity for increased revenue. Additionally, further opportunities for revenue enhancement can be
attained through upgrades to the unit interiors.
units in total, all 2 bedroom/1 bath units. 32 of the units are 900 square feet and 28 of them are 1,050 square feet. This property serves its
residents with on-site surface parking, and every unit includes washer and dryer connections. Additionally, Hillstone is well-located, with
convenient access to Texas A&M University, retail corridors, and major employment centers. Originally constructed in two phases in 1994 and
1997, the property is in generally well maintained and in good condition, and has been owned by the same investor group for the past 10 years.
Hillstone has relatively few student residents, and the few that it has tend to be older graduate students. It focuses instead on providing a
more stable work-force housing solution. The property is unrestricted and boasts many long-term residents, with most units rented at rates
below area competition, presenting an opportunity for increased revenue. Additionally, further opportunities for revenue enhancement can be
attained through upgrades to the unit interiors.
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 4.02 AC |
| No. Units | 60 | Building Size | 58,200 SF |
| Property Type | Multifamily | Average Occupancy | 93% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1994 |
| Building Class | B | ||
| Zoning | GC, R-4 - Multifamily Residential | ||
| Sale Type | Investment |
| No. Units | 60 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 4.02 AC |
| Building Size | 58,200 SF |
| Average Occupancy | 93% |
| No. Stories | 2 |
| Year Built | 1994 |
| Zoning | GC, R-4 - Multifamily Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Storage Space
- Washer/Dryer
- Heating
- Ceiling Fans
- Crown Molding
- Kitchen
- High Speed Internet Access
- Refrigerator
- Range
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 60 | $1,432 CAD | 900 - 1,050 |
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