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Downtown Brenham Apts in Opportunity Zone 401 E Main St

16 Unit Apartment Building $2,250,000 ($140,625/Unit) Brenham, TX 77833

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Investment Highlights

Large Courtyard
Laundry Facilities

Covered Parking

Executive Summary

Colonial Oaks is an architecturally unique, fully leased 16-unit multifamily offering within the Opportunity Zone, just steps from historic Downtown Brenham shopping and dining and one mile to Blinn College Main Campus. With 12 one-bedroom units and four two-bedroom units spread across two buildings, Colonial Oaks provides covered off-street parking and offers a tranquil and well-maintained place for seniors, professionals, and students to call home. This stabilized asset in a rapidly growing market with limited inventory can be operated as-is for cash flow or is a prime candidate to put Opportunity Zone tax benefits to work by redeveloping the property into an Airbnb or boutique hotel, for which competition is scarce, and demand is high.

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Property Facts

Price	$2,250,000	Apartment Style	Low Rise
Price Per Unit	$140,625	Building Class	B
Sale Type	Investment	Lot Size	0.56 AC
Sale Conditions	1031 Exchange	Building Size	13,200 SF
No. Units	16	No. Stories	2
Property Type	Multifamily	Year Built	1960
Property Subtype	Apartment Multifamily Dormitory	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$2,250,000
Price Per Unit	$140,625
Sale Type	Investment
Sale Conditions	1031 Exchange
No. Units	16
Property Type	Multifamily
Property Subtype	Apartment Multifamily Dormitory
Apartment Style	Low Rise
Building Class	B
Lot Size	0.56 AC
Building Size	13,200 SF
No. Stories	2
Year Built	1960
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.