$2,600,000
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16,256 SqFt
SOLD DATE : 11/26/2024
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 16,256 sqft
Price per Sqft $144
MLS Listing ID 23010983
Sold Date 11/26/24
HOA Y/N No
Year Built 2018
Lot Size 1.144 Acres
Property Description
Welcome to The Reserve on Sabine a luxurious 16 unit multifamily complex! This property is a lucrative addition to any investment portfolio, offering immediate cash flow and long-term growth potential in a desirable location! The property is a 2 story, 4 building complex, with 4 units within each building. Each unit features modern finishes, including kitchen appliances, washer/dryer hookups, and high-speed internet access, providing tenants with the convenience and comfort they desire. Brenham historically has a strong rental market which presents an opportunity for rent appreciation, further increasing returns on your investment. The complex boasts a proven track record of steady and reliable rental income and minimal turnover. With the majority of units currently occupied, you can step into a profitable venture from day one. With a thriving rental market, well-maintained property, and strong tenant demand, this investment is a wise choice for seasoned and new investors alike.
Location
State TX
County Washington
Community Other
Area Washington
Direction Take FM 594 E, FM 1948 S and US Hwy 290 W to Lauraine St in Brenham 28 min (20.8 mi) Follow Lauraine St to Sabine St.
Interior
Interior Features Dry Bar
Heating Central, Electric
Cooling Central Air, Electric
Flooring Carpet, Tile
Appliance Built-In Electric Oven, Dishwasher, Electric Range, Refrigerator
Laundry Washer Hookup
Exterior
Fence Privacy, Wood
Community Features Patio
Roof Type Composition
Porch Covered
Building
Structure Type HardiPlank Type,Stone,Wood Siding
Others
Senior Community No
Tax ID R25464
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash
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Bought with NON MEMBERS
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