Centro Modern Homes | 381 N Centro Cir
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Centro Modern Homes 381 N Centro Cir
80 Unit Apartment Building $38,829,997 CAD ($485,375 CAD/Unit) Shenandoah, TX 77385
Investment Highlights
- Fully Stabilized Community
- 9 Ft. Ceilings & Privately Fenced Backyards & 2-Car Garages w/ EV Chargers
- Low Tax Rate - No MUD
- Gated Community & Resort Style Pool & Dog Park
- Double Masters in 4-Bedroom Fairfield Plan
Executive Summary
Rare Opportunity in a Tier-1 Suburban Location that offers Institutional-quality, community with amenities that meet the need of today’s renter and investor. Operational Strength & Demographics in Amenity rich community is a standout amongst peers; supported by strong leasing performance and average household income of $130K+.
In-place and Long-term Growth Fundamentals, the population has grown 20% over the past 5 years and is projected to grow another 9% over the next 5 years, with average HHI’s of $130K within a one-mile radius. Projected 5-year submarket rent growth of nearly 6%.
You can purchase select units from the 80 units remaining (see the availability map under links for details). The current property management is willing to stay on if desired.
In-place and Long-term Growth Fundamentals, the population has grown 20% over the past 5 years and is projected to grow another 9% over the next 5 years, with average HHI’s of $130K within a one-mile radius. Projected 5-year submarket rent growth of nearly 6%.
You can purchase select units from the 80 units remaining (see the availability map under links for details). The current property management is willing to stay on if desired.
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Third Party Reports
Property Facts
| Price | $38,829,997 CAD | Apartment Style | Townhome |
| Price Per Unit | $485,375 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 9.58 AC |
| No. Units | 80 | Building Size | 143,704 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 2023 |
| Price | $38,829,997 CAD |
| Price Per Unit | $485,375 CAD |
| Sale Type | Investment |
| No. Units | 80 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 9.58 AC |
| Building Size | 143,704 SF |
| No. Stories | 3 |
| Year Built | 2023 |
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer Hookup
- Ceiling Fans
- Double Vanities
- Kitchen
- Ice Maker
- Refrigerator
- Oven
- Sprinkler System
- Stainless Steel Appliances
- Walk-In Closets
- Yard
- Freezer
- Vinyl Flooring
Site Amenities
- Controlled Access
- Picnic Area
- Pool
- Gated
- Pet Play Area
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2.5 | 44 | $3,249 CAD | 1,619 |
| 4+4 | 36 | $3,673 CAD | 2,013 |
PROPERTY TAXES
| Parcel Number | 3369-00-10700 | Improvements Assessment | $442,466 CAD |
| Land Assessment | $74,218 CAD | Total Assessment | $516,684 CAD |
PROPERTY TAXES
Parcel Number
3369-00-10700
Land Assessment
$74,218 CAD
Improvements Assessment
$442,466 CAD
Total Assessment
$516,684 CAD
zoning
| Zoning Code | PDD #11 |
| PDD #11 |
-
Monica Vargas -
Bridge Tower
1 of 31
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Centro Modern Homes | 381 N Centro Cir
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.