The Overlook_Property for Sale
The Overlook_Property for Sale
1602 Cardinal St, Nacogdoches, TX, 75961-4315, US

The Overlook

Asset Description

Jones Lang LaSalle Americas, Inc. or its state-licensed affiliate has been exclusively retained to offer an opportunity for qualified investors to purchase the fee simple interest in The Overlook (the "Property"), a 260-unit/682-bed multifamily asset located in Nacogdoches, Texas. The Property enjoys a strategic location in close proximity to Stephen F. Austin State University, offering new ownership the flexibility to cater to both student and conventional housing markets. Built in 2007/2012, The Overlook offers spacious 2- and 3-bedroom floor plans, catering to a diverse resident base. The Property presents an excellent opportunity for investors to implement an expansive renovation program, including upgrades to unit interiors and exterior amenities, enhancing its appeal to students and families alike. This flexibility, combined with its prime location and value-add potential, offers investors multiple avenues for value creation and the ability to acquire a well-positioned asset at an attractive basis relative to replacement cost.

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Attributes

Number of units
260
Beds
682
Occupancy
90.03%
Year built
2007
Building area net
25,629 m²
Land area net
5.61 ha
Call for offers
19/11/2024

Media

Investment Highlights

COMMUNITY AMENITIES

• Two Shimmering Pools

• 24-Hour Fitness Center

• 24-Hour Cyber Lounge included Free Printing

• 24-Hour Private Study Rooms

• Luxer One Package Locker System

• Expansive On-Site Dog Park

• Cozy Outdoor Fire Pit

• Inviting Sand Volleyball Court

• Relaxing Outdoor Courtyards & Lounge Areas

• 24-Hour Coffee Bistro With Cereal Bar

• Yoga Rooms & Fitness On Demand

• Convenient Indoor Tanning Room


UNIT FEATURES

• Spacious Floorplans

• Full Size Washer/Dryers In Every Unit

• Wood-Style Flooring

• Black Appliances

• Formica Countertops

• Natural Shaker Cabinets

• High-Speed Internet Included

• Fully Furnished With Modern Furniture Package

The Overlook 4_Property for Sale

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The Overlook (0 Properties)

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Last updated
7 Nov 2024