4704 University Dr Nacogdoches, TX 75965

This exceptional 186-unit apartment complex, University Hill, presents a compelling value-add opportunity in Nacogdoches, Texas. Located at 4704 N University Dr, this garden-style community boasts 164,902 square feet of living space spread across nine, three-story buildings. Constructed in 2002, the property features a mix of one, two, and three-bedroom units averaging 887 square feet each, currently operating at 65.05% occupancy. The brick and plank siding buildings with pitched roofs offer a comfortable and attractive living environment. Its prime location just off Loop 224 provides easy access to the city's amenities while maintaining a tranquil residential feel. The property's proximity to Stephen F. Austin State University (1.5 miles) makes it an ideal housing option for students and faculty. Furthermore, its location within 2.5 miles of local elementary, middle, and high schools and less than two miles from the bustling North Street retail corridor adds to its appeal. With a steadily increasing population and a 7.1% rent increase as of September 2024, coupled with a lack of new multifamily construction in the market, this property offers significant potential for rental growth and repositioning as a luxury apartment community in Nacogdoches. The property is zoned for General Business use.