Rowan Multifamily Advisors is pleased to announce the exclusive listing of The Enclave Apartments in San Angelo, Texas. The Enclave Apartments is a 1974 construction, fourteen-unit property offering a one bed and one bath floor plan at 600 square feet. Situated between Austin and Midland, The Enclave’s location provides exposure to multiple regional employment hubs, steady through-traffic along key West Texas corridors, and the broader economic drivers connecting Central Texas to the Permian Basin.
Thirteen of the units have been upgraded by current management, as well as a remodeled laundry room. The Enclave’s opportunity lies in continued property upgrades such as covered parking and in unit washers and dryers, as well as a RUBS implementation to recover utility costs.
INVESTMENT HIGHLIGHTS
- Upgraded units helping to boost day one value
- Opportunity to boost annual revenue by ~25% in Year 1
- San Angelo’s diversified economic base is anchored by stable institutions supporting consistent housing demand