Renovated Apartments with Value-Add
For Sale
Contact for pricing
1300/1350 Harvey Mitchell Parkway South College, College Station, TX 77840
Recently renovated apartments with potential for further upgrades and increased revenue.
Property SizeContact for details
Days on Market209
Property Features for 1300/1350 Harvey Mitchell Parkway South College
General Information
Standard status
Active
Listing Agency:
DREAMLAND REALTY
(512) 637-1296
Listed By:
Ryan Lang · License #3518934
Source:
Nmrk
Added: Jan 27
Changed: Jul 10
Last Checked: May 11 at 7:10AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of DREAMLAND REALTY
Investment Insights
Based on property information with market context.
Between 2021 and 2022, the property underwent significant renovations, with an investment of $5.1 million to upgrade all units and community amenities at 2818 Apartments. These renovations resulted in post-renovation premiums of $54 per bed. A light value-add upgrade was also completed at Parkway Place in 2022, affecting 16 units, or 11% of the unit mix, with stainless steel appliances, new paint, flooring, and doors. There is an opportunity to renovate the remaining units at Parkway Place with new flooring, granite countertops, modern fixtures, updated hardware, and refreshed furniture packages. The renovated 4x4 units at 2818 Apartments are achieving a $66/bed premium compared to Parkway Place. Additional value can be added by upgrading common areas and amenities at Parkway Place, including enhancing the fitness center, refreshing the pool deck with modern furniture and grilling stations, upgrading the game room, and broadly revitalizing community spaces. The property is located in College Station, TX.
Key Highlights
- Significant value‑add potential: Renovate remaining units at Parkway Place, mirroring the successful 2818 Apartments renovation.
- Proven renovation success: A $5.1M investment in 2818 Apartments resulted in a $54 per bed post‑renovation premium.
- Demonstrated premium increase: Renovated units at 2818 Apartments achieve a $66/bed premium compared to Parkway Place.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
98
Businesses Nearby
Explore this area
Business Placement
Demographics for 77840, TX
55,180
Population
25,423
Households
2.2
Avg Household Size
25
Median Age
46%
College-Educated
91%
High-School Grad
10.0 sq mi
ZIP Area
5,518
Density / Sq Mi
$31,278
Median Household Income
$14,521
Median Earnings
$1,085
Median Rent
$241,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Recently renovated apartments with potential for further upgrades and increased revenue.
Where is this apartment building located?
The property is located at 1300/1350 Harvey Mitchell Parkway South College College Station, TX.
What are key features of this property?
This property features: Significant value‑add potential: Renovate remaining units at Parkway Place, mirroring the successful 2818 Apartments renovation.; Proven renovation success: A $5.1M investment in 2818 Apartments resulted in a $54 per bed post‑renovation premium.; Demonstrated premium increase: Renovated units at 2818 Apartments achieve a $66/bed premium compared to Parkway Place.
