Augusta Apartments
Vernon, TX
Overview
Summary
- Price Market
- Address 4126 Augusta St, Vernon, TX 76384
- # Units 74
- Rentable SF 70,371 SF
- Year Built 1973
Augusta Apartments, located in Vernon, TX in Wilbarger County, is a 74-unit apartment community with the capacity for 88 units. The garden-style property was built in 1973 and is comprised of 6, two-story buildings with a combination of wood panel and stucco siding and pitched roofs. A variety of spacious one-, two-, and three-bedroom floor plans are offered. Amenities include swimming pool and playground. Laundry facilities are on-site. The grounds span 5.59 acres and feature a playground and open green spaces accented with a variety of mature shade trees. Residents enjoy the property’s prime location adjacent to Vernon College with quick access to Highways 287 and 70, shopping, and dining.
Key Facts
Strategic location adjacent to a major intersection off US - 287 and a 10-minute walk from Vernon College with enrollment over 2,700 students annually
Strong business growth in Vernon. KOGT Energy Service's new 50,000 square foot regional headquarters, as well as the #2 Ford Dealership in the nation for selling Ford Trucks, are located in Vernon.
Opportunity to acquire a well-located property with a track record of predictable cash flow and hands-on management.
Current owner has replaced majority of the HVAC units, put in newer appliances, and replaced carpet with faux wood vinyl planks.
Vernon MSA has seen 7% population growth since 2010. Median home value rose 6.4% last year.
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