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    3608 N Chadbourne Street

    San Angelo, TX 76903
    • $1,900,000
    • STATUS: Active
    • ON SITE: 169 days
    • MLS #: 14465221
    UPDATED: 145 min ago
    $1,900,000
    • 0
      BEDS
    • 1.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1976
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    Offered by Logan Waller of Waller Group Llc.

    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******

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    © 2021 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Pinnacle Group REALTORS. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than RE/MAX Pinnacle Group REALTORS are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2021-04-22T23:40:59.57.
    www.daviddevries.com/homes/111590949
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    3608 N Chadbourne Street San Angelo, TX 76903

    • Price: $1,900,000
    • Status: Active
    • Updated: 145 min ago
    • MLS #: 14465221
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.12
    Acres
    1976
    Built
    Neighborhood:
    Lakeview
    County:
    Tom Green
    Area:
    Tom Green County (350)
    Elementary School:
    Goliad
    Middle School:
    Lincoln
    High School:
    Lake View
    School District:
    San Angelo Isd
    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******
    Exterior Features

    Construction Frame/Brick TrimWood Foundation Pier & BeamPiered Beam Slab Parking Or Garage Assigned SpacesOpenUncovered Parking Spaces 23 Pool On Property No Roof Composition

    Interior Features

    Energy Efficiency Ceiling Fans Handicap YN No Heating OtherWindow Unit Interior Features OtherWindow Coverings Kitchen Equipment Built-In MicrowaveRange/Oven-ElectricRefrigerator Sq Ft Building 18236

    Property Features

    Building Area Source Owner Buildings 2 Complex Name Not in A Complex Construction Status Preowned Gross Annual Expenses 62063 Gross Annual Income 195060 HOA None Insurance Expense 9660 Municipal Utility District No Net Annual Income 118717 Possession Closing/Funding Property Type Mul-Apartment/5Plex+ Unexempt Taxes 9264 Unit Count 4 Utilities City SewerCity Water Will Subdivide No

    Listing information © 2021 North Texas Real Estate Information System.


    © 2021 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Pinnacle Group REALTORS. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than RE/MAX Pinnacle Group REALTORS are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2021-04-22T23:40:59.57.
     
    https://bt-photos.global.ssl.fastly.net/ntreis/orig_boomver_1_14465221-2.jpg https://bt-photos.global.ssl.fastly.net/ntreis/orig_boomver_1_14465221-2.jpg https://bt-photos.global.ssl.fastly.net/ntreis/orig_boomver_1_14465221-2.jpg
    Logo
    RE/MAX Pinnacle Group REALTORS
    1241 W Green Oaks Blvd
    Arlington TX, 76013
    Offered by Logan Waller of Waller Group Llc.