Investment Overview

Taliesin was built in two phases, 1975 and 1986. The property has eleven two-story buildings consisting of 115 units. The property has various spacious floorplans: a one-bedroom/one-bathroom measuring 625 square feet, one two-bedroom/one-bathroom measuring 769, two two-bedroom/two-bathroom floorplans measuring 884, and 930 square feet, and a three-bedroom/two bath-room measuring 1,040 square feet. The pet-friendly community has a swimming pool with a sun deck, a grilling area, pet waste stations, bike racks, and a laundry facility. The units have bedroom ceiling fans, central heat and air conditioning, a breakfast bar, and a private patio or balcony. Being offered by long-term ownership, Taliesin presents a new owner with under-market rents and the opportunity to increase revenue immediately upon takeover. The asset is meticulously maintained by the current owner and has minimal deferred maintenance, allowing new ownership to focus their efforts on interior upgrades while improving their operations across the portfolio. Taliesin is centrally located in Nacogdoches, TX, and directly across the street from Stephen F. Austin University, which has a student population of about 12,000. The assets’ irreplaceable location provides tenants easy access to all major retail and employment opportunities within a short walk or drive. Catering to both the university as well as the working population of Nacogdoches, Taliesin is poised to take advantage of a stable market with value-add potential on day one.