The Magnolia
317 Preusser St
San Angelo, TX 76903
Highlights
- More than $150K in upgrades.
- Strong yield from day one.
- 100% Occupancy.
Description
The Go-Getters Multifamily Team is excited to present the exclusive listing for the Magnolia Apartments in San Angelo, TX. This property consists of 8 units, each 724 square feet with 1 bedroom and 1 bathroom. Over the past year, the current ownership group has invested more than $98,000 in unit upgrades and over $50,000 in capital improvements, including extensive renovations and property enhancements. This presents a excellent opportunity to acquire an upgraded property with minimal operational changes needed to further increase NOI.
The Magnolia Apartments are located in San Angelo, Texas, a city of nearly 100,000 residents in central Texas, situated between Austin and Midland. San Angelo is home to Angelo State University, with 10,500 students, and key employers like Shannon Health System and Goodfellow Air Force Base. With a strong local economy and vibrant community, San Angelo offers an ideal location for investment.
