The Colonial
Multifamily | 32 Units | Near SFA Campus
Marketing description
NO SELLER FINANCING
OFFERING MATERIALS/DEAL ROOM: https://www.marcusmillichap.com/properties/199032/the-colonial
Marcus & Millichap is pleased to present the opportunity to purchase The Colonial Apartments in Nacogdoches, Texas.
Built in 1964 and renovated in 2025, The Colonial sits on 1.67 acres, and is conveniently located on North Street/Highway 59 Business in the heart of Nacogdoches. The property is one mile from Stephen F. Austin University, and close to Nacogdoches Memorial Hospital, Nacogdoches Public Schools, and Major National Retailers.
The 32-unit community features a spacious courtyards, picnic area with bbq grill, sparkling swimming pool, covered parking, and on-site laundry facility. The property offers one and two-bedroom units with open floor plans, vinyl plank flooring, energy efficient appliances, and modern finishes.
With a student population of nearly 12,000 and the recent inclusion of SFA in the University of Texas System, the properties present substantial opportunities to generate stable cash flow while increasing investment returns.
The Colonial is offered ‘free and clear’ of existing debt allowing new ownership to secure attractive financing with multiple years of interest-only available. Contact MMCC for more details.
Investment highlights
OFFERING MATERIALS/DEAL ROOM: https://www.marcusmillichap.com/properties/199032/the-colonial
CONTINUE INTERIOR RENOVATIONS
With an estimate cost of $5,000 per unit, investors can modernize the remaining classic units to unlock rent premiums up to $100 per month.
REDUCE LOSS TO LEASE
Approximately 20% of tenants have been residents at The Colonial over two years allowing new ownership to reduce loss to lease and increase rents to market rate.
IMPLEMENT UTILITY REIMBURSEMENT
Reduce operating expenses and maximize cash flow by implementing a utility reimbursement program for water, sewer, trash and pest control.
ENHANCE PROPERTY AMENITIES
Given the property’s pet-friendly tenant base, adding a gated pet park would improve community appeal and help differentiate from competitors.
ATTRACTIVE FINANCING OPTIONS
Investors can capitalize on competitive interest rates and multiple years of interest-only payments, significantly enhancing early cash flow and return metrics.
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