Strong Lead: 48 Unit Multifamily for Sale in Texas College Town

[Tiffany Hayes]

I am interested in serving as a buyer's agent on this deal.  Please respond only if seriously interested in purchasing.

In the works: The University is contracting a master lease on this property to utilize it as a dormitory.

48 beds of off-campus student housing for renting to students attending the University. Two blocks from the university's gates, students can easily walk to campus.This property brings in $28,800.00 in monthly revenue. At 8.6%, this property generates an above average cap rate. The property offers reserved parking for each tenant. Each tenant has a private bedroom suite consisting of queen size bedroom, private bath, dresser drawers, study desk, full length mirror, and generous closet space. The interior of the units sports laminated flooring and ceramic tiled floors in the wet areas. The furnished laundry room adjoins a kitchen that sports granite counters atop custom cabinets, a range/oven, microwave, and a full sized refrigerator with ice-maker. Each unit houses 4 unique bedroom suites in addition to living room, breakfast nook, kitchen, and laundry room --- all furnished.

The location is within walking distance to the University.