• 2002 20th St, Huntsville, TX 77340

For Sale

Multi-Family

For Sale

This property is available for sale
1.44
Acres
$3,512,675
Sale Price
  • Year Built
    2017
  • Total Building Size
    21,670 RSF
  • Overview

    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.

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Property Details

Student Living @ Sam Houston State

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.

  • Property Type
    Multi-Family
  • Year Built
    2017
  • Sale Price
    $3,512,675
  • Total Building Size
    21,670RSF
  • Total Acres
    1.44
  • Sale Status
    Available
  • Last updated
    Jan 30, 2018
  • Property ID
    1940830

Landlord's Sales Representative

  • Rick Stallings
    Rick Stallings Team