Bryan 4-Pack 4 Multifamily Properties in Bryan, TX
INVESTMENT HIGHLIGHTS
- New, more attractive pricing available! Excellent in-place returns.
- Midtown Manor had a LURA affecting 48 units which expired 1/1/24; upside opportunity in renting those units at market rate as tenants turnover.
- Significant Upside Achievable Through Interior Value-Add and Increasing Operational Efficiencies
- Below Market Rents Present Massive Mark to Market Potential
- Central Office to Operate From as well as Attractive Amenities Across the Portfolio: Three Pools, Abundant W/D Connections, Desirable Unit Mixes, High
- All Properties are in Bryan which has Experienced Consistently Stable Market Occupancy & Strong Rent Growth
EXECUTIVE SUMMARY
Newmark has been exclusively retained to represent the Seller in the disposition of the Bryan Portfolio (Offering, Portfolio, Properties). All inquiries about the Property should be directed to Newmark. The Portfolio is being offered on an “All Cash” basis to qualified purchasers. Prospective purchasers will have the opportunity to visit the Portfolio through scheduled tours with Newmark. Please do not contact the on-site management directly.
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PROPERTY FACTS
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 177,758 SF |
| Total Land Area | 6.60 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Midtown Towers
1602 S College Ave, Bryan, TX 77801 |
Multifamily | 49,600 SF | 1965 | - |
|
The 603
603 E 29th St, Bryan, TX 77803 |
Multifamily | 28,814 SF | 1969 | - |
|
Midtown Manor Apartments
200 Rebecca St, Bryan, TX 77801 |
Multifamily | 73,344 SF | 1965 | - |
|
The Arbors on 31st
500 E 31st St, Bryan, TX 77803 |
Multifamily | 26,000 SF | 1975 | - |
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