2400-2408 Bryan St.

Summary:

The Multifamily Group is pleased to present the exclusive offering of 2400-2408 Bryan, a unique, value-add opportunity in Commerce, Texas.​ Constructed between 2013-2014, the property consists of 20 units averaging 641 square feet.​ The property offers one and two-bedroom floorplans, and is currently 95% occupied with strong occupancy rates in the submarket at 92% (Yardi).​ This property being offered free and clear of existing debt.​

Lease & Renewal Trends:

1-bedroom units have been renewing at $995 per month, while 2-bedroom units have been renewing at $1,250 per month.​

Location:

2400-2408 Bryan St.​ is located steps away from East Texas A&M University on the preferred South campus boundary (see aerial photo on page 12).​ The location also provides easy access to the two major roadways in Commerce, State Highway-24 and Loop-178.​ East Texas A&M University enrolls over 13,000 students and continues to invest in its future, recently breaking ground on a new $45 million Agricultural Multipurpose Center and Gamebird Research Facility.​ Additionally, the university’s long-term capital plan for 2025-2029 outlines further campus enhancements totaling over $162 million, reinforcing its role as a key economic driver in the region (see page 5).​ This sustained growth has spurred business development, particularly in sectors catering to students and faculty.​ Commerce’s strategic location near Dallas further enhances its appeal, offering residents and businesses a blend of small-town charm and access to metropolitan amenities.​

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  95% Occupied

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  Washer and Dryer in Every Unit

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  Individual HVACs and Water Heaters

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  Individually Metered for Electricity and Water

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  Steps Away From East Texas A&M University (13,000+ Students)

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  Currently Attaining $100/Unit/Month Premiums on Renewals

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  East Texas A&M University - Investing $162 Million to Enhance Campus Facilities

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  60% of Commerce’s Population are Renters

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  Offered Free and Clear of Existing Debt