Edgemere Apartments | 2500 W 26th St
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Edgemere Apartments 2500 W 26th St
40 Unit Block of Flats For Sale Plainview, TX 79072
Investment Highlights
- Multiple Value - Add Avenues
- Low Basis with Going-in Cash Flow
- Strategic Location
Executive Summary
The Go-Getters Multifamily Team is proud to present the Edgemere Apartments, a 40-unit complex situated in Plainview, TX. Constructed in 1959, this property predominantly features two-bedroom units, appealing to a varied tenant demographic. This complex offers multiple value-add opportunities, including the potential implementation of RUBS to optimize utility expense management, as well as opportunities for interior renovations to enhance unit appeal. This property represents an exceptional investment opportunity for those seeking to boost NOI.
Property Facts
| Sale Type | Investment | Lot Size | 2.03 AC |
| No. Units | 40 | Building Size | 47,990 SF |
| Property Type | Residential | Average Occupancy | 100% |
| Property Subtype | Apartment | Number of Floors | 2 |
| Apartment Style | Low Rise | Year Built | 1959 |
| Building Class | C | Parking Ratio | 1.04/1,000 SF |
| Sale Type | Investment |
| No. Units | 40 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 2.03 AC |
| Building Size | 47,990 SF |
| Average Occupancy | 100% |
| Number of Floors | 2 |
| Year Built | 1959 |
| Parking Ratio | 1.04/1,000 SF |
Unit Amenities
- Air Conditioning
- Heating
- Refrigerator
- Range
Site Amenities
- Courtyard
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+2 | 40 | - | 900 |
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PROPERTY TAXES
| Parcel Number | 15375 | Improvements Assessment | £674,642 |
| Land Assessment | £47,619 | Total Assessment | £722,260 |
PROPERTY TAXES
Parcel Number
15375
Land Assessment
£47,619
Improvements Assessment
£674,642
Total Assessment
£722,260
zoning
| Zoning Code | N/A |
| N/A |
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Edgemere Apartments | 2500 W 26th St
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