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Multifamily

The Californian

728 E Starr Ave, Nacogdoches, TX 75961

Listing Price: Request For Offer

Number of Units
113
Gross SF
53,620

Investment Overview

The Californian was built in two phases, 1986 and 2002. The property has six two-story buildings consisting of 113 units. The property has various floorplans: three one-bedroom/one-bathroom floorplans measuring 300, 420, and 480 square feet and two two-bedroom/one-bathroom floorplans measuring 470 and 780 square feet. The community has a saltwater pool, on-site laundry facility, fenced pet park, 24-hour emergency maintenance, onsite management, and views of Pecan Acres Park. Being offered by long-term ownership, Californian 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.   Californian 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, Californian is poised to take advantage of a stable market with value-add potential on day one. 

Investment Highlights

  • Irreplaceable Location near Stephen F. Austin University
  • Convenient Access to Highway 21
  • Long-Term Ownership and Untouched Unit Interiors

Exclusively Listed By

Financing By

Multifamily

The Californian

Listing Price: Request For Offer

Number of Units
113
Gross SF
53,620

Investment Highlights

  • Irreplaceable Location near Stephen F. Austin University
  • Convenient Access to Highway 21
  • Long-Term Ownership and Untouched Unit Interiors

Investment Overview

The Californian was built in two phases, 1986 and 2002. The property has six two-story buildings consisting of 113 units. The property has various floorplans: three one-bedroom/one-bathroom floorplans measuring 300, 420, and 480 square feet and two two-bedroom/one-bathroom floorplans measuring 470 and 780 square feet. The community has a saltwater pool, on-site laundry facility, fenced pet park, 24-hour emergency maintenance, onsite management, and views of Pecan Acres Park. Being offered by long-term ownership, Californian 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.   Californian 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, Californian is poised to take advantage of a stable market with value-add potential on day one. 

Exclusively Listed By

Financing By

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