505 Wayside Dr, Bryan, TX 77802 For Sale

Sandalwood Garden Apartments is a 30-unit multifamily community located at 505 Wayside Drive in Bryan, Texas, just minutes from Texas A&M University and the thriving Brazos Valley economy. The property is currently producing consistent rental income with strong occupancy, reflecting stable tenant demand in this market.

Operating expenses remain manageable, with controllable costs concentrated in maintenance, contract services, and utilities, while non-controllable items such as insurance, taxes, and management fees are in line with market expectations. This provides a solid baseline for steady cash flow while leaving room for efficiency improvements under new ownership.

Value-Add Potential: Current rents remain below market comparables in Bryan, creating immediate upside through targeted renovations, cosmetic upgrades, and refreshed marketing strategies. A modest increase in monthly rents per unit could generate significant growth in net operating income (NOI), directly enhancing cash flow and long-term asset value.

This acquisition offers investors a rare opportunity to secure a stabilized, cash-flowing property with proven upside potential in a high-demand secondary Texas market. With limited new supply at this price point and strong fundamentals, Sandalwood Gardens is well positioned for both immediate returns and long-term appreciation.