4125 Augusta Road Vernon , TX 76384

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Augustan Apartments

 
Price: US$ 1,999,995.00
No. Of Units: 74
Price Per Unit: US$ 27026.00
Price Per Square Foot: US$ 25.93
Status: Active
Category: For Sale
Type: West Texas - Multifamily
Sub-Type: Multifamily - Garden/Low-Rise
Property Uses: Investment Property

No. Stories: 2
Cap Rate: 8.52%
Construction Status: Existing
Year Built: 1973
Occupancy: 97-100%
No. of Buildings: 7

Documents:
·Offering Memorandum

Property Description:

The Augustan Apartments is a 74 unit Class C multifamily residence located in Vernon, TX. The property is comprised of 1, 2, and 3 bedroom floor plans with ample storage and parking. The community features a large laundry facility (8 new washers and dryers), swimming pool with lounge area and a nearby playground. 

Location Description:

The property sits next to the Vernon College, a fully accredited, comprehensive community college offering academic, career and technical education programs, as well as community classes to prepare students for employment or for successful transfer to a four-year college or university.

Highlights:
·Turnkey Investment!
·97-100% Occupied Consistently
·Roofs Replaced in 2010 with 35 Year Shingle
·Exterior Paint in 2010
·Next to Vernon College
·Upside with Rental Increase


Listing Company: Texas Apartment Brokers