3608 N Chadbourne Street, San Angelo, Texas 76903

$1,900,000
List Price
$1,900,000
Price Change
▼ $50,000 1605272091
MLS#
14465221
Status
ACTIVE
Type
Multifamily
Year Built
1976
Construction Status
Preowned
Acres
1.115
County
Tom Green
City
San Angelo
Subdivision
Lakeview
Building Name
Not In A Complex

Property Description

Originally built in 1976, the Tuscany Valley Apartments consist of 22 units in two buildings, completely renovated down to the studs in 2020. The main 20 unit complex consists of 8 1BD1BA units (488 SF), 8 2BD1BA units (748 SF), and 4 3BD2BA units (976 SF), while the front house on the property consists of 1 3BD2BA unit and 1 2BD1BA unit. This property is currently operating at an NOI of $118,717 at a 6.25% cap rate on actuals. This is a turnkey investment, presenting new ownership the opportunity to take over a fully renovated property down to the studs and increase rents with the market.******more info in OFFERING MEMORANDUM in attachments******

Additional Information

Unexempt Taxes
$9,264
HOA
No HOA
Annual Insurance
9660
Gross Annual Expenses
62063
Gross Annual Income
195060
Lot Size
48,569
Acres
1.115
Subdivided
No
Interior Features
Other, Window Coverings
Foundation
Pier & Beam, Piered Beam Slab
Roof
Composition
Stories
2
Street Utilities
City Sewer, City Water
Heating Cooling
Other, Window Unit
Construction Material
Frame/Brick Trim, Wood
Parking Garage
Assigned Spaces, Open, Uncovered
Total Num Parking
23
School District
San Angelo Isd
Elementary School
Goliad
Middle School
Lincoln
High School
Lake View
Building Sq. Ft.
18236
Number of bldgs.
2
Number of units
22
Possession
Closing/Funding
Cap Rate
6.25

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Waller Group LLC.