Brazos Point Apartments | 2401 Welsh Ave
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Brazos Point Apartments 2401 Welsh Ave
134 Unit Apartment Building For Sale College Station, TX 77845
Investment Highlights
- Significant value-add opportunity and Well-maintained
- Close proximity to Jones Crossing, new mixed use development featuring 100,000+ SF HEB, multiple restaurants and retailers
- Located just 1.5 miles from Texas A&M University, current enrollment of +/- 79,000 students
- Property is unrestricted, no rent controls
- Strong area demographics, with average household income in excess of $70,000
- Ease of access to Harvey Mitchell Parkway, Wellborn Road and Texas Avenue
Executive Summary
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 Facts
| Sale Type | Investment | Lot Size | 5.60 AC |
| No. Units | 134 | Building Size | 105,160 SF |
| Property Type | Multifamily | Average Occupancy | 99% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1981 |
| Building Class | B |
| Sale Type | Investment |
| No. Units | 134 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 5.60 AC |
| Building Size | 105,160 SF |
| Average Occupancy | 99% |
| No. Stories | 2 |
| Year Built | 1981 |
Unit Amenities
- Cable Ready
- Washer/Dryer
- Washer/Dryer Hookup
- High Speed Internet Access
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Picnic Area
- Property Manager on Site
- Media Center/Movie Theatre
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 64 | - | 640 |
| 2+2 | 70 | - | 883 |
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Bike Score ®
Very Bikeable (70)
PROPERTY TAXES
| Parcel Number | 44203 | Improvements Assessment | $8,353,406 CAD |
| Land Assessment | $1,504,921 CAD | Total Assessment | $9,858,327 CAD |
PROPERTY TAXES
Parcel Number
44203
Land Assessment
$1,504,921 CAD
Improvements Assessment
$8,353,406 CAD
Total Assessment
$9,858,327 CAD
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Brazos Point Apartments | 2401 Welsh Ave
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