212 Koberlin St San Angelo, TX 76903
- Commercial real estate
Current Use by Public Records
- Tana B Trimble / Apartment Building
Property Details for 212 Koberlin St
- Year built
- 1979
- Property type
- Commercial real estate
Description
This exceptional multifamily investment opportunity presents the Koberlin Apartments, a 56-unit apartment complex located in the heart of downtown San Angelo, Texas, at 212 Koberlin St, 76903. Built in 1979, this property boasts 41,868 square feet of net rentable space and currently enjoys a 96% occupancy rate. The asking price is $3,050,000, translating to an attractive price per unit of $54,464.29. The apartments offer a mix of one and two-bedroom floor plans, providing diversity for potential renters. One-bedroom units range from 495 to 576 square feet, while two-bedroom units vary from 725 to 926 square feet, with options for one or two bathrooms. This property presents multiple value-add opportunities for a savvy investor looking to capitalize on its prime downtown location and existing strong occupancy. The property's location in Tom Green County offers significant potential for increased rental income and appreciation. This is a rare chance to acquire a well-situated, established apartment complex with considerable upside potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- San Angelo
- County
- Tom Green
- State
- Texas
- Longitude
- -100.43323460457
- Latitude
- 31.467597321941
