2300 Stone Hollow Dr - Stone Ridge Apartments
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2300 Stone Hollow Dr - Stone Ridge Apartments
6 Unit Apartment Building Offered at £539,574 at a 6.10% Net Initial Yield in Brenham, TX 77833
Investment Highlights
- Great location!
Executive Summary
Property Highlights:
Stone Ridge is a 2-story, garden style apartment property located in beautiful and
desirable Brenham, Texas. Entrance is at the corner of Stone Hollow and Stone
Hill, and this provides some privacy away from the street frontage. The property
has been beautifully maintained and shows pride of ownership. All units are in
nice condition with many updates over the recent years. This investment will
provide cash flow starting on the first day.
Details:
• 6 units, built 1998, 100% occupancy
• All are 1 bedroom, 1 bath, 710 sq. feet
• Avg. rent $800 per unit
• Units have washer/dryer connections
• Walk-in closets
• Covered parking – a great amenity
• Long term residents
• Quiet property with no student tenants
2024 Gross Income: $51,500 (2 units were remodeled)
2025 Expected Gross: $60,200
Stone Ridge is a 2-story, garden style apartment property located in beautiful and
desirable Brenham, Texas. Entrance is at the corner of Stone Hollow and Stone
Hill, and this provides some privacy away from the street frontage. The property
has been beautifully maintained and shows pride of ownership. All units are in
nice condition with many updates over the recent years. This investment will
provide cash flow starting on the first day.
Details:
• 6 units, built 1998, 100% occupancy
• All are 1 bedroom, 1 bath, 710 sq. feet
• Avg. rent $800 per unit
• Units have washer/dryer connections
• Walk-in closets
• Covered parking – a great amenity
• Long term residents
• Quiet property with no student tenants
2024 Gross Income: $51,500 (2 units were remodeled)
2025 Expected Gross: $60,200
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | £539,574 | Property Type | |
| Price Per Unit | £89,929 | Lot Size | 0.52 AC |
| Sale Type | Investment | Building Size | 4,260 SF |
| Net Initial Yield | 6.10% | Number of Floors | 2 |
| No. Units | 6 | Year Built | 1998 |
| Price | £539,574 |
| Price Per Unit | £89,929 |
| Sale Type | Investment |
| Net Initial Yield | 6.10% |
| No. Units | 6 |
| Property Type | |
| Lot Size | 0.52 AC |
| Building Size | 4,260 SF |
| Number of Floors | 2 |
| Year Built | 1998 |
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 6 | £630.16 | 710 |
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PROPERTY TAXES
| Parcel Number | R44758 | Total Assessment | £343,789 |
| Land Assessment | £42,898 | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £300,891 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
R44758
Land Assessment
£42,898
Improvements Assessment
£300,891
Total Assessment
£343,789
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2023
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2300 Stone Hollow Dr - Stone Ridge Apartments
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