The Elms Apartments | 137 Elm St
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The Elms Apartments 137 Elm St
32 Unit Apartment Building For Sale Lockhart, TX 78644
Investment Highlights
- Well Maintained Asset with Minimal Capex Needs
- Strong Historical Performance and Proven Value-Add Strategy
- Proximity to I-35 and SH 130 Provides Interregional Access to Austin and San Antonio
Executive Summary
The Elms is an apartment community in Lockhart, Texas. Built in 1970, The Elms consists of 32 units arranged in four-two-story buildings. The community offers a one-bedroom/one-bathroom unit measuring 500 square feet, two-bedroom/one-bathroom units measuring 650 square feet, and a three-bedroom/one-bathroom unit measuring 850 square feet. The Elms offers residents various amenities, including an on-site laundry facility, spacious BBQ area, and surface parking. The well-appointed units offer built-in microwaves, wood-style flooring, energy-saving fixtures, and ceiling fans. Situated along San Antonio Street, between Highway 183 & 130, residents enjoy easy commutes to all the major employers, shopping, dining, and schools within Lockhart.
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- Operating and Financials
Property Facts
| Sale Type | Investment | Lot Size | 0.67 AC |
| No. Units | 32 | Building Size | 21,475 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1970 |
| Building Class | C | Opportunity Zone |
Yes
|
| Sale Type | Investment |
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.67 AC |
| Building Size | 21,475 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1970 |
| Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Heating
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Walk-In Closets
- Deck
- Patio
Site Amenities
- Courtyard
- Laundry Facilities
- Picnic Area
- Grill
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 32 | - | 700 |
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PROPERTY TAXES
| Parcel Number | 18548 | Improvements Assessment | $1,050,379 |
| Land Assessment | $101,530 | Total Assessment | $1,151,909 |
PROPERTY TAXES
Parcel Number
18548
Land Assessment
$101,530
Improvements Assessment
$1,050,379
Total Assessment
$1,151,909
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The Elms Apartments | 137 Elm St
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