Capri Apartments

608 W Avenue M San Angelo, TX 76903

608 W Avenue M, San Angelo, TX, 76903
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FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$975,000
Last Verified:
Jul 30, 2024

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Highlights

  • Value-Add: Laundry Room Implementation
  • Value-Add: RUBS Allocation
  • Less than 10 minutes from top San Angelo sites
  • Package Investment Option (additional 10 units)

Description

The Go-Getters Multifamily Team is pleased to present the exclusive listing of the Capri Apartments in San Angelo, TX. The 24-units are all 1 Bed / 1 Bath with about 50% of units seeing recent upgrades to items such as windows and sinks. This value-add deal has the opportunity to implement the out-of-commission laundry room and offset utility expenses with the adoption of RUBS allocation. This asset may be purchased either individually or as a package with the Bryant Place Apartments (10-units) located at 1521 S Bryant Blvd, San Angelo, TX (0.2 miles away).

The Capri Apartments are located in central San Angelo off of Highway 87 giving it direct accessibility to major employers in town. San Angelo has a population of over 100,000+ people. The Capri Apartments are located within 9 minutes from important sites such as Angelo State University, Shannon West Texas Medical Center and Goodfellow Air Force Base.


Year Built: 1968
Building Size: 10656sq ft
Lot Size: 0.72 acres

Map of 608 W Avenue M, San Angelo, TX, 76903

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

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  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
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