CONTRACT PENDING

University Hill Nacogdoches, Texas

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University Hill

Address

4704 North University Drive
Nacogdoches, TX 75965

Property Overview

University Hill (the “Property”) is a 186-unit garden style apartment complex located at 4704 N University Drive in Nacogdoches, Texas. Built in 2002, the property is constructed of brick and plank siding with pitched roofs. Currently the community is 65.05% occupied, with a unit mix of one, two, and three bedrooms units averaging 887 square feet. Conveniently located just off Loop 224, University Hill combines easy access to the city with the tranquility of a quiet residential neighborhood. Situated just 1.5 miles from Stephen F. Austin State University, it offers an ideal housing option for students and faculty. The community is also within 2.5 miles of local elementary, middle, and high schools, and less than two miles from North Street, a highly trafficked retail corridor in Nacogdoches.

Investment Highlights

Value-add opportunity – 65.05% occupied

Situated 1.5 miles from Stephen F. Austin University

Conveniently situated off Loop 224 for easy access around town

Steadily increasing population - over 3% growth expected within 5-miles

Large units and great tenant amenities

Rent gains are up 7.1% as of September 2024

Lack of new multifamily product in the market – potential to be the luxury apartment of Nacogdoches

Location

Team

Brokerage Team

Mart Martindale

Mart Martindale

Principal
Edge Capital Markets
214.545.6917 mmartindale@edge-cm.com
Wilson Stafford

Wilson Stafford

Principal
Edge Capital Markets
214.545.6933 wstafford@edge-cm.com
Claire Schmeltekopf

Claire Schmeltekopf

Associate
Edge Capital Markets
214.545.6941 claire@edge-cm.com
Luke Cashman

Luke Cashman

Senior Associate
Edge Capital Markets
2144553123 lcashman@edge-cm.com

Phone
214.545.6900