Multifamily
Capri Apartments
4401 North St, Nacogdoches, TX 75965
Listing Price: Request For Offer
Investment Overview
Marcus & Millichap is pleased to present the exclusive offering of Capri Apartments in Nacogdoches, Texas. Capri Apartments offers 46 units conveniently located off of North Street (Business 59) with over 21,000 average annual daily traffic. The property sits on 5.28 acres next to Hobby Lobby, and is less than two miles from Stephen F. Austin University. With a student population of nearly 12,000 and the recent inclusion of SFA in the University of Texas System, the property presents substantial opportunities to generate stable cash flow while increase investment returns through the renovation of units, implementation of utility reimbursement, and reduction of utility expense through water conservation. The property is offered 'free and clear' of existing debt.
Exclusively Listed By
Investment Highlights
- Value-Add With Rents Over $200 Below Market
- Other Income Generators Including Leasing Fees, Pet Policy & Laundry Income
- High Visibility Along North Street & Within 2 Miles of SFA Campus
Investment Overview
Marcus & Millichap is pleased to present the exclusive offering of Capri Apartments in Nacogdoches, Texas. Capri Apartments offers 46 units conveniently located off of North Street (Business 59) with over 21,000 average annual daily traffic. The property sits on 5.28 acres next to Hobby Lobby, and is less than two miles from Stephen F. Austin University. With a student population of nearly 12,000 and the recent inclusion of SFA in the University of Texas System, the property presents substantial opportunities to generate stable cash flow while increase investment returns through the renovation of units, implementation of utility reimbursement, and reduction of utility expense through water conservation. The property is offered 'free and clear' of existing debt.
Exclusively Listed By
