University Hill

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Address: 4704 N University Dr, Nacogdoches, TX 75965, USA

Texas + Apartment Buildings

Created date: October 24, 2024

Date last updated: November 27, 2024

Value-add opportunity – 65.05% occupied
Situated 1.5 miles from Stephen F. Austin University
Conveniently situated off Loop 224 for easy access around town
Steadily increasing population – over 3% growth expected within 5-miles
Large units and great tenant amenities
Rent gains are up 7.1% as of September 2024
Lack of new multifamily product in the market – potential to be the luxury apartment of Nacogdoches

Property Description

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.

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Key Property Information

Listing Status:	Available
Listing Type:	Call for offers
Property Types:	Apartment Buildings
Year Built:	2002
Lot Size:	164,902.00 Sq ft
Opportunity Zone:	No
Property Website	Click Here