cover photoCasa Verde Townhomes
804-810 San Pedro Drive
College Station, TX 77845


Investment Summary

SAR Enterprises is currently in a proposed agreement to acquire an approximate 18,900 square foot multi-family property in College Station, Texas. 

Property Highlights

- History of Stable Occupancy
- Located in High Growth Area
- Market Rents at Lower End of Average
- Good Proximity to Nearby Amenities
- Favorable Fixed Rate Financing Available


Income/Expense Summary (10 Year Average)

Gross Income $169,615  
Gross Expenses ($59,931)  
Net Operating Income $109,684  
Interest Expense ($40,020)  
Net Income $69,664   10.7%
Mortgage Principal  ($22,426)  
Annual Cash Flow $47,238     7.2%


* Stated return figures are estimated and subject to change. Please see disclaimer below.

 

Property Description

The property consists of four separate townhouse buildings each with four 4 total 1 bedroom 1.5 bath rentals for a total of 16 separate rental units. Each unit has spacious living areas, private fenced decks, and ample parking. With a townhouse-style construction, each unit is two stories and no tenant has an upstairs neighbor. Residents enjoy a well-maintained, tasteful setting, with ease of access to community amenities, schools, and the nearby university. The property is benefited by a varied resident mix of approximately 50% professional and blue collar workers and 25% undergraduate and graduate students.

 

Location 

College Station is located in East-Central Texas in the center of the region known as the Texas Triangle (Dallas, San Antonio, Houston). It is located 90 miles northwest of Houston, 87 miles northeast of Austin, and 177 miles from Dallas. Home to more than 107,000 people, the city is home to the main campus of Texas A&M University, the largest university in the state of Texas with an enrollment of approximately 60,000 students.

 

SAR Enterprises has recently completed the acquisition of 11 buildings (44 units) from this development on the adjacent side of the street and has negotiated the proposed purchase of these remaining 4 buildings subject to this offering.

 

Capital Commitment

SAR Enterprises is now accepting capital commitment for investment with a minimum investment of $100,000. For more information, or to make a capital commitment, please contact us or visit us online at www.sarenterprises.com/casaverde

 

 

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