Balcones Villas | 905 Balcones Dr
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Balcones Villas 905 Balcones Dr
12 Unit Block of Flats £1,762,425 (£146,869/Unit) 6% Net Initial Yield College Station, TX 77845
Investment Highlights
- On the TAMU shuttle route
- Has achieved higher rents than other properties on Balcones for 10+ years
- Fully-renovated with no deferred maintenance
Executive Summary
Prime opportunity to acquire TAMU campus-area housing. All 12 units have been completely renovated, all HVACs have been replaced, all three stair cases were replaced by a local steel fabricator, and new roof with a 50-year warranty installed in 2022. Current gross monthly rent is $14,700 through July 2025.
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £1,762,425 | Building Class | C |
| Price Per Unit | £146,869 | Lot Size | 0.98 AC |
| Sale Type | Investment | Building Size | 14,820 SF |
| Net Initial Yield | 6% | Average Occupancy | 100% |
| No. Units | 12 | Number of Floors | 2 |
| Property Type | Residential | Year Built/Renovated | 1995/2020 |
| Property Subtype | Apartment | Parking Ratio | 2.02/1,000 SF |
| Apartment Style | Low Rise |
| Price | £1,762,425 |
| Price Per Unit | £146,869 |
| Sale Type | Investment |
| Net Initial Yield | 6% |
| No. Units | 12 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.98 AC |
| Building Size | 14,820 SF |
| Average Occupancy | 100% |
| Number of Floors | 2 |
| Year Built/Renovated | 1995/2020 |
| Parking Ratio | 2.02/1,000 SF |
Unit Amenities
- Wheelchair Accessible (Rooms)
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 3+2 | 12 | £979.12 | 1,235 |
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Bike Score ®
Very Bikeable (75)
PROPERTY TAXES
| Parcel Number | 94595 | Total Assessment | £1,047,809 (2023) |
| Land Assessment | £147,125 (2023) | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £900,685 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
94595
Land Assessment
£147,125 (2023)
Improvements Assessment
£900,685 (2023)
Total Assessment
£1,047,809 (2023)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2024
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Balcones Villas | 905 Balcones Dr
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