Search Results

1411 North Street and 1333 Pearl Street

Home » All Multifamily Properties » Texas » 1411 North Street and 1333 Pearl Street

Address: 1333 Pearl St, Nacogdoches, TX 75961, USA

Texas + Apartment Buildings

Created date: September 18, 2024

Date last updated: October 26, 2024

Property Description

Premier Investment Opportunity Lofts Nacogdoches & Legends at Nacogdoches offer a combined 859 beds (310 at Lofts and 549 at Legends), with both properties currently boasting a 97% occupancy rate for the 2024-2025 academic year. Since their construction in 2012 and 2013, occupancy has consistently remained above 97%. These properties stand out as two of only three fully amenitized off-campus housing options in the market, setting the standard for quality in the area. With no new developments on the horizon, they present a stable and reliable yield for new ownership. Strategic Alignment with The University of Texas System In 2024, Stephen F. Austin State University joined the prestigious University of Texas System, backed by a $42 billion endowment. As part of this integration, $140 million has been earmarked for campus enhancements, including $22 million for transitional costs and $80 million for capital projects. Upcoming developments include a new facility for the Center for Applied Rural Research and Innovation, a new dining hall, and a new Forestry and Agriculture building. This follows the recent $53 million expansion and renovation of the Griffith Fine Arts Building. Established in 1923, SFA serves approximately 12,000 students and is nationally recognized for its forestry and agriculture programs, competing in Division I athletics. Prime Location - Nacogdoches, TX Nacogdoches is strategically located 65 miles south of Interstate 20, approximately 140 miles northeast of Houston, 90 miles southwest of Shreveport, LA, and 160 miles southeast of the Dallas-Fort Worth Metroplex. As a key component of the East Texas economy, it connects to major markets including Longview, Texarkana, and Tyler, TX.