Brazos Point Apartments

College Station, TX

Property

Summary

  • Sales Price Market Pricing
  • Pro Forma NOI $550,742
  • Occupancy 99%

Investment Overview

OLDHAM GOODWIN Oldham Goodwin Group is pleased to present the Brazos Point Apartments in College Station, Texas. The property consists of 134 units, made up of 64 one bedroom and 70 two bedroom units. This property serves its residents with on-site parking, swimming pool and laundry facilities. Select units include washer/dryer connections, and 48 of the units have undergone a renovation, presenting true upside potential through continuation of the upgrade program. Originally built in 1981, the property has been owned for several years by the current investor group, and has been well-maintained. Brazos Point has relatively few student residents, focusing 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.

Property Highlights

Significant value-add opportunity

Property is unrestricted, no rent controls

Well-maintained

Strong area demographics, with average household income in excess of $70,000

Located just 1.5 miles from Texas A&M University, current enrollment of +/- 79,000 students
Close proximity to Jones Crossing, new mixed use development featuring 100,000+ SF HEB, multiple restaurants and retailers

Ease of access to Harvey Mitchell Parkway, Wellborn Road and Texas Avenue

Zoned to highly rated College Station ISD

Stable resident base, mostly non-students

Downloads

Offering Memorandum

Team

Investment Sales

Steve Monroe, CCIM

Steve Monroe, CCIM

Vice President | Investment Sales
Oldham Goodwin
O: (210) 404-4600
D: (830) 218-5171
C: (210) 426-1800

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