Multifamily

Windmill Park

1929 Raney St, San Angelo, TX 76901

Listing Price: Request For Offer

Number of Units
120
Occupancy
92.30%
Gross SF
86,522

Investment Overview

This four-property, 408-unit multifamily portfolio consists of Bellagio at Sunset, the Resort at Riverside, Windmill Park, and Sandpiper Apartments & Storage, all of which are located in San Angelo, Texas. Built in 1972, Bellagio at Sunset is made up of 136 units arranged in fourteen two-story buildings. Bellagio at Sunset offers four spacious floorplans: a one-bedroom/one-bathroom measuring 656 square feet, two two-bedroom/one-and-a-half bathrooms measuring 853 and 896 square feet, and a three-bedroom/two-bathroom measuring 1,020 square feet. Built in 1983, Resort at Riverside is made up of 128 units arranged in seven two-story buildings. Resort at Riverside offers three spacious floorplans: a studio measuring 322 square feet, a two-bedroom/one-bathroom measuring 610 square feet, and a three-bedroom/one-bathroom measuring 797 square feet. Built in 1976, Windmill Park is made up of 120 units arranged in five two-story buildings. Windmill Park offers three spacious floorplans: a one-bedroom/one-bathroom measuring 589 square feet, a two-bedroom/one-bathroom measuring 884 square feet, and a two-bedroom/two-bathroom measuring 942 square feet. And finally, built in 1984, Sandpiper Apartments & Storage is made up of 24 apartment units and 208 storage units arranged in seven one- and two-story buildings. Sandpiper’s apartments come in two different floorplans: a two-bedroom/one-bathroom measuring 610 square feet and a three-bedroom/one-bathroom measuring 731 square feet. These four complexes are focused on providing residents a comfortable and convenient place to call home. All communities are pet-friendly and have ample on-site parking. Bellagio at Sunset, Resort at Riverside, and Windmill Park each boast swimming pools, courtyards, BBQ grills, picnic tables, and on-site laundry facilities for their guests to enjoy. Bellagio at Sunset and Resort on Riverside also have a leasing office on-site. Sandpiper conveniently has full sized storage units to offer their residents. Interiors of the units vary from apartment to apartment but include features such as spacious open floorplans, ceiling fans, walk-in closets, white and black appliances, plank flooring and modern fixtures. Bellagio at Sunset, Resort at Riverside, Windmill Park, and Sandpiper Apartments & Storage are strategically located properties in San Angelo closely surrounded by employment opportunities, a strong retail presence, and recreational activities. Within just a couple miles of each property, residents can find several schools, parks, shopping centers, a plethora of restaurants and eateries, and much more. Resort at Riverside, Windmill Park, and Sandpiper are located in north San Angelo, off of U.S. Highway 87 while Bellagio at Sunset is located in south San Angelo near TX-306 Loop. All four complexes give residents easy means to everything San Angelo has to offer as well as interregional access. This four-property portfolio is a unique offering providing investors with upside potential and long-term value appreciation.

Investment Highlights

  • Interior Value Add Opportunity
  • Excellent On-Site Amenities
  • Strong, Stable Market

Exclusively Listed By

Listing Price: Request For Offer

Number of Units
120
Occupancy
92.30%
Gross SF
86,522

Investment Highlights

  • Interior Value Add Opportunity
  • Excellent On-Site Amenities
  • Strong, Stable Market

Investment Overview

This four-property, 408-unit multifamily portfolio consists of Bellagio at Sunset, the Resort at Riverside, Windmill Park, and Sandpiper Apartments & Storage, all of which are located in San Angelo, Texas. Built in 1972, Bellagio at Sunset is made up of 136 units arranged in fourteen two-story buildings. Bellagio at Sunset offers four spacious floorplans: a one-bedroom/one-bathroom measuring 656 square feet, two two-bedroom/one-and-a-half bathrooms measuring 853 and 896 square feet, and a three-bedroom/two-bathroom measuring 1,020 square feet. Built in 1983, Resort at Riverside is made up of 128 units arranged in seven two-story buildings. Resort at Riverside offers three spacious floorplans: a studio measuring 322 square feet, a two-bedroom/one-bathroom measuring 610 square feet, and a three-bedroom/one-bathroom measuring 797 square feet. Built in 1976, Windmill Park is made up of 120 units arranged in five two-story buildings. Windmill Park offers three spacious floorplans: a one-bedroom/one-bathroom measuring 589 square feet, a two-bedroom/one-bathroom measuring 884 square feet, and a two-bedroom/two-bathroom measuring 942 square feet. And finally, built in 1984, Sandpiper Apartments & Storage is made up of 24 apartment units and 208 storage units arranged in seven one- and two-story buildings. Sandpiper’s apartments come in two different floorplans: a two-bedroom/one-bathroom measuring 610 square feet and a three-bedroom/one-bathroom measuring 731 square feet. These four complexes are focused on providing residents a comfortable and convenient place to call home. All communities are pet-friendly and have ample on-site parking. Bellagio at Sunset, Resort at Riverside, and Windmill Park each boast swimming pools, courtyards, BBQ grills, picnic tables, and on-site laundry facilities for their guests to enjoy. Bellagio at Sunset and Resort on Riverside also have a leasing office on-site. Sandpiper conveniently has full sized storage units to offer their residents. Interiors of the units vary from apartment to apartment but include features such as spacious open floorplans, ceiling fans, walk-in closets, white and black appliances, plank flooring and modern fixtures. Bellagio at Sunset, Resort at Riverside, Windmill Park, and Sandpiper Apartments & Storage are strategically located properties in San Angelo closely surrounded by employment opportunities, a strong retail presence, and recreational activities. Within just a couple miles of each property, residents can find several schools, parks, shopping centers, a plethora of restaurants and eateries, and much more. Resort at Riverside, Windmill Park, and Sandpiper are located in north San Angelo, off of U.S. Highway 87 while Bellagio at Sunset is located in south San Angelo near TX-306 Loop. All four complexes give residents easy means to everything San Angelo has to offer as well as interregional access. This four-property portfolio is a unique offering providing investors with upside potential and long-term value appreciation.

Exclusively Listed By

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