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130 Town St
Centerville, TX 75833

Centerville Apartments · Multifamily Property For Sale · 16 Units

Investment Highlights

  • Only apartment complex in Centerville
  • The concrete slab with existing utilities offers the potential for 8 additional units
  • Building #1 was renovated in 2013, and Building #2 is being renovated (completion by Sep-Oct 2022)

PROPERTY FACTS

No. Units 16
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 1.05 AC
Building Size 10,267 SF
Average Occupancy 95%
No. Stories 2
Year Built 1988
Parking Ratio 1.95/1,000 SF

Unit Amenities

  • Air Conditioning
  • Heating
  • Kitchen
  • Oven
  • Range

Site Amenities

  • Laundry Facilities

About 130 Town St , Centerville, TX 75833

The Centerville Apartments consists of two 8-unit buildings (16 units total), a clubhouse, and a concrete slab for a potential third building on a large lot. Building #1 was renovated in 2013, and Building #2 is being renovated (completion by Sep-Oct 2022). Each unit is 650 Sq Ft, with two bedrooms and one bathroom. The clubhouse has an office, a bathroom, storage space, and a laundry room. Potential for further improvements to the asset to significantly increase profit and add value include implementing a RUBS program for tenants to pay water and increasing rents to the market rate. The concrete slab with existing utilities offers the potential for 8 additional units.

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 16 $625.00 650

PROPERTY TAXES

zoning

Zoning Code B1 (Multi-Family)
  • Listing ID: 26032201

  • Date on Market: 6/27/2022

  • Last Updated:

  • Address: 130 Town St, Centerville, TX 75833