University Hill | 4704 N University Dr
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University Hill 4704 N University Dr
186 Unit Apartment Building For Sale Nacogdoches, TX 75965
Investment Highlights
- Value-add opportunity – 65.05% occupied
- Conveniently situated off Loop 224 for easy access around town
- Lack of new multifamily product in the market – potential to be the luxury apartment of Nacogdoches
- Situated 1.5 miles from Stephen F. Austin University
- Steadily increasing population - over 3% growth expected within 5-miles
- Rent gains are up 7.1% as of September 2024
Executive Summary
University Hill (the “Property”) is a 186-unit garden style apartment complex located at 4704 N University Drive in Nacogdoches, Texas. Built in 2002, the property is constructed of brick and plank siding with pitched roofs. Currently the community is 65.05% occupied, with a unit mix of one, two, and three bedrooms units averaging 887 square feet. Conveniently located just off Loop 224, University Hill combines easy access to the city with the tranquility of a quiet residential neighborhood. Situated just 1.5 miles from Stephen F. Austin State University, it offers an ideal housing option for students and faculty. The community is also within 2.5 miles of local elementary, middle, and high schools, and less than two miles from North Street, a highly trafficked retail corridor in Nacogdoches.
Property Facts
| Sale Type | Investment | Lot Size | 10.76 AC |
| Sale Conditions | REO Sale | Building Size | 164,902 SF |
| No. Units | 186 | Average Occupancy | 80% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 2002 |
| Apartment Style | Garden | Parking Ratio | 1.89/1,000 SF |
| Building Class | A |
| Sale Type | Investment |
| Sale Conditions | REO Sale |
| No. Units | 186 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | A |
| Lot Size | 10.76 AC |
| Building Size | 164,902 SF |
| Average Occupancy | 80% |
| No. Stories | 3 |
| Year Built | 2002 |
| Parking Ratio | 1.89/1,000 SF |
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Microwave
- Storage Space
- Washer/Dryer Hookup
- Security System
- Ceiling Fans
- Tile Floors
- Crown Molding
- Double Vanities
- Eat-in Kitchen
- Kitchen
- Ice Maker
- Refrigerator
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Breakfast Nook
- Dining Room
- Family Room
- Linen Closet
- Patio
- Wheelchair Accessible (Rooms)
- Window Coverings
Site Amenities
- 24 Hour Access
- Business Center
- Controlled Access
- Fitness Center
- Laundry Facilities
- Picnic Area
- Property Manager on Site
- Gated
- Grill
- Package Service
- Pet Play Area
- Planned Social Activities
- Trash Pickup - Curbside
- Online Services
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 108 | - | 620 - 802 |
| 2+2 | 52 | - | 1,040 |
| 3+2 | 26 | - | 1,295 |
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University Hill | 4704 N University Dr
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