2002 20th St | Huntsville, TX 77340
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2002 20th St
Huntsville, TX 77340
Avenue Townhomes · Multifamily Property For Sale · 22 Units
Investment Highlights
- Beautiful Class B - garden apartments
- Large spacious, 2 Bed/2.5 Bath units
- Strong Location Near University
Executive Summary
Avenue Townhomes is a class B, 22 unit multifamily/townhome community located in the well-established college town of Huntsville, TX. The apartments are well located & peaceful with a park like setting which provides a good mix between the hustle and bustle of a college town and the calm of a suburb. This asset is near Sam Houston State University with a student population that continues to grow and a housing market that is trying to keep up. The major employers in this area are SHSU, TDCJ, Huntsville ISD and Huntsville Memorial Hospital.
This property’s features are up there with some of the best in the area, demanding greater rents than average. The units, at approximately 1,123 SF each, are some of the largest available in Huntsville. Each features a beautiful modern finish, an upstairs with private spacious carpeted dual master suites, each with a tiled private bath. With current occupancy at 60%, this asset provides an investor the opportunity for major upside via leasing and efficient management. Ultimately, the buyer will inherit a strong asset that requires little to no CapEx on the front end, at a price under market value with a clear path to significant cash flow via lease up.
Contact broker with any questions.
This property’s features are up there with some of the best in the area, demanding greater rents than average. The units, at approximately 1,123 SF each, are some of the largest available in Huntsville. Each features a beautiful modern finish, an upstairs with private spacious carpeted dual master suites, each with a tiled private bath. With current occupancy at 60%, this asset provides an investor the opportunity for major upside via leasing and efficient management. Ultimately, the buyer will inherit a strong asset that requires little to no CapEx on the front end, at a price under market value with a clear path to significant cash flow via lease up.
Contact broker with any questions.
PROPERTY FACTS
| Price Per Unit | $225,261 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 1.46 AC |
| No. Units | 22 | Building Size | 24,706 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 2017 |
| Apartment Style | Townhome | Parking Ratio | 1.9/1,000 SF |
| Price Per Unit | $225,261 CAD |
| Sale Type | Investment |
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 1.46 AC |
| Building Size | 24,706 SF |
| No. Stories | 2 |
| Year Built | 2017 |
| Parking Ratio | 1.9/1,000 SF |
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Tile Floors
- Eat-in Kitchen
- Kitchen
- Granite Countertops
- High Speed Internet Access
- Refrigerator
- Oven
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Den
- Dining Room
- Double Pane Windows
- Handrails
- Linen Closet
- Pantry
- Porch
- Smoke Free
- Window Coverings
Site Amenities
- 24 Hour Access
- Courtyard
- Picnic Area
- Grill
- Smoke Free
- Trash Pickup - Curbside
- Public Transportation
- Green Community
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2.5 | 22 | - | 1,200 |
zoning
| Zoning Code | M - Management (M - management) |
| M - Management (M - management) |
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