Stabilized 58-Unit Apartment
2333 Lake Rd Huntsville, TX 77340
For Sale
Contact for pricing
Pending
58-unit stabilized multifamily property with extensive 2021–2022 exterior and interior renovations.
Days on Market105
Property Features for 2333 Lake Rd
General Information
- Standard status
- Pending
- Property subtype
- Multifamily
Listing Agency:
Waller Group Homes
(214) 818-4109
Listed By:
Logan Waller · License #TX 0479147
Source:
Crexi
Added: Apr 11
Changed: Jul 23
Last Checked: Jul 23 at 2:12PM
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 Waller Group Homes
Investment Insights
Based on property information with market context.
Offered for sale is a 58-unit apartment community currently described as 93.1% occupied and stabilized. The ownership implemented a capital improvement program in 2021 and 2022 totaling $550,648.92, including exterior upgrades such as siding, brick, steps and stairs, paint, new roof, doors/hardware, and landscaping. Interior renovations included vinyl/tile replacement, paint, new appliances, new electric ranges, new dishwasher, new toilets and plumbing fixtures, upgraded vanities, carpet removal, new kitchen and bathroom cabinets, new granite countertops, and updates to electrical, HVAC, doors and hardware, and plumbing. The unit finishes are identified on the rent roll as 40 renovated “R” units, 13 “C” classic units, and 4 “P” premium units, with no carpet in any renovated units.
The property is located at 2333 Lake Rd, Huntsville, TX, and is described as walking distance and adjacent to Sam Houston State University, with less than 15% of tenants identified as students (8 students total).
Each unit is described as including a kitchen package featuring a Nest thermostat, satin/chrome knobs and fixtures, new toilets, new black appliances, frameless polished edged mirrors in bathrooms, washer/dryer connections even in 1-bedroom units, new sinks, 2-inch faux wood blinds, and vinyl flooring.
The property is located at 2333 Lake Rd, Huntsville, TX, and is described as walking distance and adjacent to Sam Houston State University, with less than 15% of tenants identified as students (8 students total).
Each unit is described as including a kitchen package featuring a Nest thermostat, satin/chrome knobs and fixtures, new toilets, new black appliances, frameless polished edged mirrors in bathrooms, washer/dryer connections even in 1-bedroom units, new sinks, 2-inch faux wood blinds, and vinyl flooring.
Key Highlights
- 58‑unit stabilized multifamily property in Huntsville, TX, 93.1% occupied
- Capital improvement program totals $550,648.92: $82,017.13 (2021) and $468,631.79 (2022)
- Exterior upgrades include new roof plus siding, brick, steps/stairs, paint, doors/hardware, and landscaping
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FAQs
What type of property is this?
Apartment building - 58-unit stabilized multifamily property with extensive 2021–2022 exterior and interior renovations.
Where is this apartment building located?
The property is located at 2333 Lake Rd Huntsville, TX.
What are key features of this property?
This property features: 58‑unit stabilized multifamily property in Huntsville, TX, 93.1% occupied; Capital improvement program totals $550,648.92: $82,017.13 (2021) and $468,631.79 (2022); Exterior upgrades include new roof plus siding, brick, steps/stairs, paint, doors/hardware, and landscaping
