THE ALBION

1300 Buchta Rd., Angleton, TX 77515

Specifications

Property Type: 
Garden/Low Rise
Class: 
C
Year: 
1976
Units: 
192
Rentable Sq. Ft.: 
137,088
Lot Size: 
5.79 acres
Listing Type: 
Status: 

The Albion is an excellent opportunity for an investor to purchase a class "C" apartment community consisting of 192 units in Angleton, Texas. The property is located in the Brazosport area which is home to the largest chemical complex in the world. The current owner has expended approximately $568K in interior and exterior rehab / upgrades in the last few years which includes approximately $247K in interior improvements and approximately $221K in exterior improvements and approx. 100K in HVAC and appliance replacement.

The apartment homes include wood cabinets, faux granite resurfaced countertops, wood-style vinyl or tile flooring, carpet in the bedrooms, two tone painted walls, updated light fixtures and hardware. Premium amenities located throughout the common area include an outdoor lounge area and grilling stations, a stand-alone clubhouse with leasing center and entertainment lounge,
gazebo, business center, dog park and 2 clothes care centers.

The property is individually metered for electricity and there is a Flat Fee in place for Water/Sewer, which is in addition to the rent shown on the right.

The property is now potentially available "All Cash" (buyer to acquire a new loan) or on the Assumption of the existing in-place loan. Ask the broker for details.

Supporting Documents
Private

Tom Wilkinson

Location: 
Houston, TX
twilk4.ketent@gmail.com
Office: 
713-355-4646 x 102
Fax: 
713-355-4331

Tom Wilkinson has performed real estate marketing serves for institutional and individual investors since 1972. He has a BA in Mathematics from Rice University and an MBA in Real Estate Investments from the University of Texas. In addition to brokering real estate, Tom previously owned and operated more than 80 properties. Tom has successfully marketed properties for and to dozens of individual, business and institutional sellers and buyers, including REO properties for the RTC, FNMA and FreddieMac.

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