302 Allen St San Angelo, TX 76903
- Commercial real estate
Current Use by Public Records
- 3zero2 River Walk Apartments / Apartment Complex
Property Details for 302 Allen St
- Year built
- 1971
- Property type
- Commercial real estate
- APN
- R695400003101
Description
This exceptional 22-unit apartment building, located at 302 Allen St, San Angelo, TX 76903, presents a compelling investment opportunity. The property, situated across from the Concho River Walk, boasts a prime location near local shops, restaurants, and parks. Shannon Medical Center is conveniently located just 0.8 miles away. Built in 1971 and extensively renovated in 2021, this Class C multifamily property comprises two, two-story buildings totaling 12,864 net rentable square feet. Currently operating at 100% occupancy, the property benefits from a strong demand for short-term rentals, catering to traveling professionals including nurses, military personnel, and specialists in the wind and solar industries. Recent capital improvements exceeding $300,000 have significantly enhanced the property's value and appeal. These upgrades include 18 new patio doors, privacy fences, 12 new HVAC systems, upgraded plumbing and electrical panels, security cameras, a synthetic grass dog park, and a BBQ area with picnic table. The property's APN is R695400003101. This stabilized investment offers significant potential for future growth and increased profitability, making it an attractive addition to any portfolio. The asking price is $2,400,000.
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
- -100.4298079
- Latitude
- 31.4599095
