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Address
Asking Price
THE AVENUE TOWNHOMES
2002 20th St
Huntsville, TX
Building Size:21,670SF
$2,999,000
Student Living @ Sam Houston State
2002 20th St
Huntsville, TX
Lot Size:1.44Acres
From Houston, take I-45 into Huntsville. Take the Ave. S exit and stay on the feeder. Turn Right onto 20th St. Turn right on Avenue S. The complex is a half block down on the right. During construction, Please call Rick Stallings to accompany you. We are pleased to present the newest student living in Huntsville at 2002 20th Street. With an expected completion date in February 2018 & an acquisition capitalization rate of 7.25%, this community will consist of four (4) 3,940 SF two-story quadraplexes and two (2) 2,955 SF two-story triplexes. It will be the newest student living community located in the well established College town of Huntsville and is expected to produce $31,000 in monthly revenue. The 2 bedroom units, which are 985 SF each with a 138 SF covered porch, are some of the largest available in Huntsville, just a short walk to Sam Houston State University. According to the SHSU website and a recent Audit Report on the Texas State University System Foundation, Inc., there is a shortage of student housing available to SHSU students. The Fall Enrollment was 20,477 students and is growing rapidly. This is an excellent opportunity you don't want to miss! Surrounded by beautiful landscaping, each unit has a covered front porch to promote social interaction and provide a community feel for up to 44 students. The interior features a living area, dining area, kitchen, and laundry room with stained concrete flooring downstairs. The laundry room adjoins the kitchen, complete with granite looking countertops, nice cabinets, a range/oven, microwave, dishwasher, and a full sized refrigerator with ice-maker. This community offers every student a private spacious carpeted bedroom suite, including a study desk, generous closet space and a tiled private bath. Each unit is limited to 2 bedrooms, offering more student privacy than other communities offer.
$3,512,675
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Huntsville has 42 commercial real estate spaces for lease, representing 168,163 sqft space.
107 buildings are available for sale.
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