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Multifamily

Russian River

3027 N Pecan St, Nacogdoches, TX 75965

Listing Price: Request For Offer

Number of Units
50
Gross SF
26,928

Investment Overview

Russian River was built in 1970 and is made up of four two-story buildings consisting of 50 units. The property has two floorplans: one one-bedroom/one-bathroom measuring 459 square feet and one two-bedroom/one-bathroom measuring 680 square feet. The pet-friendly community has a courtyard, swimming pool, 24-hour emergency maintenance, and an on-site laundry room. Being offered by long-term ownership, Russian River presents a new owner with under-market rents and the opportunity to increase revenue immediately upon takeover. Similar to the rest of the portfolio, 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.   Russian River is centrally located in Nacogdoches, TX, and less than a mile from Stephen F. Austin University, which has a student population of about 12,000. The assets’ 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, Russian River is poised to take advantage of a stable market with value-add potential day one.

Investment Highlights

  • Irreplaceable Location near Stephen F. Austin University
  • Close Proximity to Retail and Recreational Opportunities
  • Well-Maintained Asset with Minimal Deferred Maintenance

Exclusively Listed By

Financing By

Multifamily

Russian River

Listing Price: Request For Offer

Number of Units
50
Gross SF
26,928

Investment Highlights

  • Irreplaceable Location near Stephen F. Austin University
  • Close Proximity to Retail and Recreational Opportunities
  • Well-Maintained Asset with Minimal Deferred Maintenance

Investment Overview

Russian River was built in 1970 and is made up of four two-story buildings consisting of 50 units. The property has two floorplans: one one-bedroom/one-bathroom measuring 459 square feet and one two-bedroom/one-bathroom measuring 680 square feet. The pet-friendly community has a courtyard, swimming pool, 24-hour emergency maintenance, and an on-site laundry room. Being offered by long-term ownership, Russian River presents a new owner with under-market rents and the opportunity to increase revenue immediately upon takeover. Similar to the rest of the portfolio, 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.   Russian River is centrally located in Nacogdoches, TX, and less than a mile from Stephen F. Austin University, which has a student population of about 12,000. The assets’ 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, Russian River is poised to take advantage of a stable market with value-add potential day one.

Exclusively Listed By

Financing By

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