Monte Vista Apartments

    • 1300 N. College Street
    • Gonzales, TX

INVESTMENT HIGHLIGHTS

  • Number of Units: 24
  • Occupancy: 100%
  • Multiple Value-Add Opportunities
  • Sales Price: $1,350,000
  • Acres: 0.98
  • Offered Free and Clear of Debt

EXECUTIVE SUMMARY

Independence Commercial Advisors is pleased to exclusively offer the Monte Vista Apartments, a 24-unit Class C residential community in Gonzales, Texas. Built in 1980, all units are approximately 800 SF with two bedrooms and one bath. Monte Vista provides multiple value-add opportunities. Unit interiors have been well-maintained but not upgraded, and vacancies are rare at the asset. Rents are below-market and could be increased further following a light interior renovation program. Tenants are currently not reimbursing for water or common utilities, providing additional upside for a new owner.

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