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Multifamily

Prosper Apartments

700 Marvin Hancock Dr, Jasper, TX 75951

Listing Price: $4,250,000

Cap Rate
8.46%
Number of Units
65
GRM
5.69
Occupancy
95.0%
Price/Unit
$65,385
Price/Gross SF
$71.43
Gross SF
59,500

Investment Overview

Marcus & Millichap is pleased to present Prosper Apartments, consisting of 65 units in Jasper, Texas. Prosper includes two well-located properties, Park Apartments and Avenue D Townhomes. These properties are located less than one mile apart. Park apartments consists of 48 two-bedroom, two-bath flats in two, two-story buildings and eight three-bedroom, one-bath detached homes. The remaining nine units are the Avenue D Townhomes, which are located approximately one mile north and comprise two and three-bedroom townhomes in two buildings. Park Apartments were constructed in 1995, and the townhomes in 1980.

Prosper Apartments are located in Jasper, Texas. Jasper is the county seat of Jasper County.

Investment Highlights

  • Double-Digit Cash-on-Cash Returns
  • Washer/Dryer Connections in All Units
  • Nine-Foot Ceilings in Park Apartments
  • Central HVAC and Fully Equipped Kitchens
  • Ample Off-Street Parking
  • Garages and Covered Parking Available in Some Units
  • Conveniently Located Near Employment, Schools and Local Infrastructure

Exclusively Listed By

Broker of Record

  • Tim Speck

    Executive Managing Director / Chief Revenue Officer

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Financing By

Multifamily

Prosper Apartments

Listing Price: $4,250,000

Cap Rate
8.46%
Number of Units
65
GRM
5.69
Occupancy
95.0%
Price/Unit
$65,385
Price/Gross SF
$71.43
Gross SF
59,500

Investment Highlights

  • Double-Digit Cash-on-Cash Returns
  • Washer/Dryer Connections in All Units
  • Nine-Foot Ceilings in Park Apartments
  • Central HVAC and Fully Equipped Kitchens
  • Ample Off-Street Parking
  • Garages and Covered Parking Available in Some Units
  • Conveniently Located Near Employment, Schools and Local Infrastructure

Investment Overview

Marcus & Millichap is pleased to present Prosper Apartments, consisting of 65 units in Jasper, Texas. Prosper includes two well-located properties, Park Apartments and Avenue D Townhomes. These properties are located less than one mile apart. Park apartments consists of 48 two-bedroom, two-bath flats in two, two-story buildings and eight three-bedroom, one-bath detached homes. The remaining nine units are the Avenue D Townhomes, which are located approximately one mile north and comprise two and three-bedroom townhomes in two buildings. Park Apartments were constructed in 1995, and the townhomes in 1980. Prosper Apartments are located in Jasper, Texas. Jasper is the county seat of Jasper County.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Executive Managing Director / Chief Revenue Officer

    (972) 755-5200

    License(s): TX: 9002994

    Texas

Financing By

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