$2,600,000
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49,813 SqFt
SOLD DATE : 11/26/2024
Key Details
Property Type Commercial
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 49,813 sqft
Price per Sqft $47
Subdivision Commercial Property
MLS Listing ID 3395257
Sold Date 11/26/24
Originating Board actris
Year Built 2018
Tax Year 2022
Lot Size 1.140 Acres
Property Description
Welcome to The Reserve on Sabine a luxurious 16 unit multifamily complex! This property is a lucrative addition to any investment portfolio, offering immediate cash flow and long-term growth potential in a desirable location! The property is a 2 story, 4 building complex, with 4 units within each building. Each unit features modern finishes, including kitchen appliances, washer/dryer hookups, and high-speed internet access, providing tenants with the convenience and comfort they desire. Brenham historically has a strong rental market which presents an opportunity for rent appreciation, further increasing returns on your investment. The complex boasts a proven track record of steady and reliable rental income and minimal turnover. With the majority of units currently occupied, you can step into a profitable venture from day one. With a thriving rental market, well-maintained property, and strong tenant demand, this investment is a wise choice for seasoned and new investors alike.
Location
State TX
County Washington
Interior
Heating Central
Cooling Central Air
Flooring Tile
Fireplace N
Exterior
Utilities Available Cable Available, Electricity Available, High Speed Internet, Sewer Connected, Water Connected
Accessibility None
Total Parking Spaces 34
Building
Sewer Public Sewer
Water Public
Structure Type Concrete,HardiPlank Type,Masonry – Partial,Wood Siding
New Construction Yes
Others
Restrictions Development Type,Zoning
Acceptable Financing Cash, Conventional
Tax Rate 1.832
Listing Terms Cash, Conventional
Special Listing Condition Standard
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Bought with Compass RE Texas, LLC
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