708 Navidad St Bryan, TX 77801

Property Details for 708 Navidad St

Year built

1979

Lot size

0.49 lot acres

Property size

9,600 SF

Property type

Commercial real estate

Description

This exceptional investment opportunity presents a 12-unit multifamily portfolio situated in Bryan, Texas, near Texas A&M University. The property comprises three two-story buildings totaling 9,600 square feet on a 0.49-acre lot, built in 1979 with various renovations throughout. The portfolio boasts a strong 9.28% cap rate and a substantial net operating income (NOI) of $176,283, reflecting a 100% occupancy rate. The 12 units are a mix of furnished and unfurnished spaces, catering to both short-term (minimum two-night stays) and mid-term (one to six-month) rentals, leveraging the high demand driven by the university. Seven units are fully furnished, equipped with amenities like kitchen appliances, TVs, and washer/dryers, while five units are unfurnished, offering flexibility for longer-term tenants. The property includes 16 parking spaces and two storage sheds that generate additional rental income. Its prime location, just 10 minutes from Texas A&M's main campus and on a school bus route, ensures consistent rental demand. The property's current management utilizes a hybrid short-term/mid-term rental strategy, including seasonal optimization and strategic pricing, which has proven highly successful. This stabilized investment offers significant income potential and strong appreciation prospects in a thriving Texas market. The asking price is $1,900,000, with a price per unit of $158,333.33. This is a rare opportunity to acquire a well-maintained, high-performing multifamily property in a dynamic college town.