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Multifamily

Concho Vista

505 E Harris Ave, San Angelo, TX 76903

Listing Price: $1,175,000

Cap Rate
6.47%
Number of Units
12
GRM
9.15
Occupancy
100.0%
Price/Unit
$97,917

Investment Overview

Marcus & Millichap is pleased to announce the exclusive listing of Concho Vista Apartments, a 12-unit property constructed in 1970 and renovated in 2021. The property features one-bedroom units at 580 square feet and two-bedroom units at 870 square feet. The community offers on-site laundry room, off-street parking, outdoor grilling area and outdoor security cameras. Concho Vista is individually metered for utilities and offers a community package for water/sewer/trash and laundry. The property is walking distance to downtown San Angelo which features a variety of dining and entertainment options.

Concho Vista was fully renovated in 2021. Some highlights of the renovation are upgraded kitchens with black appliances, granite countertops, painted accent walls, updated bathrooms, USB wall plugs, new ceiling fans and luxury vinyl plank flooring. Concho Vista is individually metered for electric and master metered for water/sewer and gas. The new investors of Concho Vista will benefit from the recent property updates and stabilized occupancy.

Investment Highlights

  • Fully Renovated as of 2021
  • Located in Downtown San Angelo
  • Great Starter Property

Exclusively Listed By

Multifamily

Concho Vista

Listing Price: $1,175,000

Cap Rate
6.47%
Number of Units
12
GRM
9.15
Occupancy
100.0%
Price/Unit
$97,917

Investment Highlights

  • Fully Renovated as of 2021
  • Located in Downtown San Angelo
  • Great Starter Property

Investment Overview

Marcus & Millichap is pleased to announce the exclusive listing of Concho Vista Apartments, a 12-unit property constructed in 1970 and renovated in 2021. The property features one-bedroom units at 580 square feet and two-bedroom units at 870 square feet. The community offers on-site laundry room, off-street parking, outdoor grilling area and outdoor security cameras. Concho Vista is individually metered for utilities and offers a community package for water/sewer/trash and laundry. The property is walking distance to downtown San Angelo which features a variety of dining and entertainment options. Concho Vista was fully renovated in 2021. Some highlights of the renovation are upgraded kitchens with black appliances, granite countertops, painted accent walls, updated bathrooms, USB wall plugs, new ceiling fans and luxury vinyl plank flooring. Concho Vista is individually metered for electric and master metered for water/sewer and gas. The new investors of Concho Vista will benefit from the recent property updates and stabilized occupancy.

Exclusively Listed By

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