51 N Koengheim St. San Angelo, TX. 76903, San Angelo, TX 76903
Emersons Commercial is pleased to exclusively offer an opportunity to purchase Island Cottages. This is a 14 unit apartment community that has been completely renovated.
Island Cottages is a one story stucco exterior with a rock fence. This excellent midtown location was completely renovated in 2013. This property is a prime land hold for future expansion. This property has a major upside by signing long-term leases.
Market Overview: The San Angelo occupancy rate is 96.0% to 97.0% for apartments in this area. Unemployment is around 4% as of February 2015 San Angelo’s diverse and unique market constantly ranks San Angelo for largest increases in rent.
Multi-Family Specialist/ V.P. of Multi-Family
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