3608 N Chadbourne Street $1,900,000


    3608 N Chadbourne Street San Angelo, TX 76903

    • 0 Beds
    • 0 Baths
    • Multi-Family
    • MLS# 14465221
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    Property Details

    Description Tours

    Originally built in 1976, the Tuscany Valley Apartments consist of 22 units in two buildings, completely renovated down to the studs in 2020. The main 20 unit complex consists of 8 1BD1BA units (488 SF), 8 2BD1BA units (748 SF), and 4 3BD2BA units (976 SF), while the front house on the property consists of 1 3BD2BA unit and 1 2BD1BA unit. This property is currently operating at an NOI of $118,717 at a 6.25% cap rate on actuals. This is a turnkey investment, presenting new ownership the opportunity to take over a fully renovated property down to the studs and increase rents with the market.******more info in OFFERING MEMORANDUM in attachments******

    • General Features
      • Association Type None
      • Complex Name Not in a complex
      • County Or Parish Tom Green
      • Energy Saving Features Ceiling Fans
      • Interior Features Other,Window Coverings
      • Pool Yn 0
      • Possession Closing/Funding
      • Property Sub Type MUL-Apartment/5Plex+
      • Property Type Multi-Family
      • Security System YN 0
      • SQFT Building 18236
      • Subdivision Name Lakeview
      • Unexempt Taxes $9,264
      • Utilities City Sewer, City Water
      • Year Built 1976
      • Year Built Details Preowned
    • Building Features
      • Building Area Source Owner
      • Construction Materials Frame/Brick Trim,Wood
      • Foundation Details Pier & Beam,Piered Beam Slab
      • Heating Other,Window Unit
      • Number Of Buildings 2
      • Number Of Parking Spaces 23
      • Number Of Stories 2
      • Number Of Units 22
      • Parking Features Assigned Spaces,Open,Uncovered
      • Roof Composition
      • Unit Count 4
    • Property Features
      • Lot Size 1 Acre to 2.99 Acres
      • Lot Size Area 1.115
      • Lot Size Area SQFT 48569.40
      • Lot Size Units Acres
    • Schools
      • Elementary School Name Goliad
      • Middle School Name Lincoln
      • High School Name Lake View
      • School District San Angelo ISD
    • Additional Features
      • Tax Legal Description ACRES: 1.115 ABST: A-5670 S-0121.5 SURVEY: J
      • Other Equipment Built-in Microwave,Range/Oven-Electric,Refrigerator
      • Occupancy Tenant
      • Handicap Yn 0


    Marian Micheal

    Marian Micheal

    REALTOR® Agent

    ULTERRE Fort Worth

    Cell: 682-202-3378


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        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $1,900,000
        11/4/2020 3:19:00 AM New in Database Source: Multiple Listing Service New Value: $1,900,000

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        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.