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:
$1,100,000
Last Verified:
Oct 24, 2024

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Highlights

  • Value-Add: Interior Unit Upgrades
  • Value-Add: Exterior Facelift & Rebranding
  • Value-Add: RUBS Allocation to offset Utility Expense
  • Less than 10 minutes from top San Angelo sites

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. Outside of completing the remaining unit upgrades and make-readies, there is additional opportunity to add value by updating the exterior of the property with a facelift and rebranding. These upgrades would allow this asset to capitalize on the attention that it receives from the healthy vehicle traffic on S Bryant Blvd to the east.

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


Documents

Execute Buildout CA

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

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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."

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