Montgomery Place Apartments

Highlights:

• Ability to raise current rents of $0.99 psf to market levels as comparable properties are achieving effective rents up to $1.42 psf
• Potential for a new owner to increase value by adding community amenities such as a sport court, playground, dog run, and more
• Ability to lightly rehab interiors which may include counter tops, fixtures, new paint, and more
• Located near national retailers such as Sonic, McDonald’s, Starbucks, CVS, Kroger, and Academy amongst others
• Less than a mile east of Sam Houston State University, a major economic driver for the City
• Situated less than a mile east of State Highway 75 and approximately one mile east of Interstate 45, the main thoroughfares of the City
• All new roofs installed in 2019

Description:

Vanguard Real Estate Advisors (“VREA”) is pleased to present the exclusive opportunity to purchase Montgomery Place Apartments (“Property” or “Montgomery Place”) located in Huntsville, TX. Montgomery Place totals 50 units averaging a spacious 1,000 square feet, all of which are identical 2 bedroom and 2 bathroom units with full size washer/dryer connections. The Property is ideally located along Montgomery Road less than a block south of Sam Houston State University (less than a mile east of State Highway 75/Sam Houston Avenue which is a main city thoroughfare, and one mile east of Interstate 45).

The Property was constructed in 2002 and is near national retailers such as Sonic, McDonald’s, Starbucks, CVS, Kroger, and Academy amongst others. The Property has an attractive asking price of $6,225,000 ($124,500 per unit & $124.50 psf).

To gain access to the full Offering Memorandum and Due Diligence Vault click on the link below:
https://docsend.com/view/s/h3g4fczwibb7p5a5

Call us to schedule a tour, they are offered on the following dates:
Wednesday April 23rd, Tuesday April 29th, Thursday May 8th & Tuesday May 13th.

The Call For Offers date is Thursday May15th on or before 4:00pm CST.

Documents: