Courtesy: Bell Properties
979-218-1565
Introducing 48 Place community of condos... a multi-family property featuring 40 two-bedroom, one-bath units and 8 one-bedroom, one-bath units, ideally situated in the vibrant heart of Bryan, TX. This prime location offers easy access to entertainment, shopping, dining, and a convenient commute to Texas A&M University, making it a unique investment opportunity. Each unit is equipped with central heating and air conditioning, spacious layouts, and either a balcony or patio. Residents also benefit from tile flooring and an on-site laundry facility, as well as a community pool. Recent upgrades include ENERGY STAR qualified sliding glass doors and windows, new siding and exterior paint, new roofs in 2024, many new AC units, and renovations in half of the units. This well-maintained, many updates throughout the years of bringing this property producing higher rents. This income-generating property is an excellent addition to any investment portfolio. The owner temporarily took the property off the market to complete drainage repairs (see attached invoice), along with a commercial appraisal...The lower price compared to the appraisal is intended to encourage a closing before 2026.
Midtown Villas consists of 10 two bedroom, two bath units in Bryan, this garden style apartment building offers the opportunity to obtain income producing assets with tremendous upside potential. The property is within 3 miles to major employers in the area including Texas A&M University, Downtown Bryan, St. Joseph's Regional Hospital, and Blinn Junior College. Located in Bryan's Midtown District, the area is set to see rapid redevelopment and increased property values due to city investment in several key "catalyst projects" and a favorable entitlement and application process for future development. With interior renovations of all units completed within the past ten years, the 10 Midtown Villa units feature functional floor plans, offer a private backyard, washer dryer hook ups, and either vinyl or tile in the common areas. Exterior materials include brick facade and metal roofs to minimize maintenance expense over the life of the assets.
Attention Investors! Come check out this fourplex that has great rental potential. Only one unit currently vacant and has been made ready/updated and are listed for lease. Only blocks from the neighborhood park and schools and easy access to Harvey Mitchell Parkway and Villa Maria. Washer and dryer connections in-unit. Owner maintains the lawn.
Discover the potential opportunity that this easily accessible .7410 acres of land has to offer. Located just minutes from grocery stores, restaurants, shopping and entertainment, this property has a fantastic location. With multifamily zoning in place, envision the possibilities of constructing that multifamily investment you have been dreaming about. Explore the potential and capture your investment in prime real estate today! Owner/builder has a proposed (preliminary) 10 multi unit plan available, (two) two-story fourplexes and (one) two-story duplex. Call/text an agent to get more information and to get the specs list!
$169,732 Annual NOI. 8.93% cap rate. They are turn-key airbnbs already under management generating $240,000/year. Most of the units are renovated. There is on-site staff and maintenance who has been there for 10 years and can help do basic repairs around the property. He pays $825/month. Annual revenue is $240,937. Taxes: $17,266 Insurance all three buildings: $11,550 Maintenance/Upgrades: $23,150 (varies year to year) 91% occupancy on airbnb. In-house management and maintenance. The property is close to Legend Event Center and only a 5 minute drive to the vet school. Seller is a licensed real estate agent.
Midtown Villas consists of 20 two bedroom, two bath units in Bryan, these garden style apartment buildings offer the opportunity to obtain income producing assets with tremendous upside potential. The property is within 3 miles to major employers in the area including Texas A&M University, Downtown Bryan, St. Joseph's Regional Hospital, and Blinn Junior College. Located in Bryan's Midtown District, the area is set to see rapid redevelopment and increased property values due to city investment in several key "catalyst projects" and a favorable entitlement and application process for future development. With interior renovations of all units completed within the past ten years, the 20 Midtown Villa units feature functional floor plans, offer a private backyard, washer dryer hook ups, and either vinyl or tile in the common areas. Exterior materials include brick facade and metal roofs to minimize maintenance expense over the life of the assets.
Bryan is located in Texas. Bryan, Texas has a population of 85,204. Bryan is less family-centric than the surrounding county with 28.18% of the households containing married families with children. The county average for households married with children is 34.31%.
The median household income in Bryan, Texas is $49,181. The median household income for the surrounding county is $52,658 compared to the national median of $69,021. The median age of people living in Bryan is 31.3 years.
The average high temperature in July is 95 degrees, with an average low temperature in January of 38.9 degrees. The average rainfall is approximately 39.5 inches per year, with 0 inches of snow per year.
