Aspen/Rosemont Portfolio
Market Price
1705 South 3rd Street, Abilene, TX 79602
40,720 sqft
Building Size
48
Units
Details:
Description:
Aspen Square and Rosemont offer a strong value add opportunity in a growing, underserved market. Built in 1924 and 1960, the 48 unit portfolio features a mix of one, two, and three bedroom layouts. With 15 units down (10 from fire damage at Aspen and 5 from water damage at Rosemont), the portfolio can be acquired at a low basis and repositioned through renovation. This is a chance to stabilize, lease up, and deliver updated market rate housing in an area with strong demand and limited supply, unlocking long term upside for the right investor.
Aspen Place Apartments and Rosemont are located in North Abilene, a growing market with solid rental demand. The properties are ideally located just minutes from major employers and institutions, including Abilene Christian University (5 mins), Hardin-Simmons University (6 mins), Texas Tech Health Sciences Center (6 mins), and Hendrick Medical Center (6 mins). Dyess Air Force Base is only 17 minutes away, and Abilene Regional Airport is a quick 10-minute drive. This central location makes the portfolio well-suited for long-term tenant demand.
Extremely Low Basis
Growing Area with Large Rental Upside
Multiple Floorplans
Documents:
| Title | ||
|---|---|---|
| Aspen & Rosemont Offering Memorandum |
Location
Gallery
