The Greyson
About This Property
Marketing description
Marcus & Millichap is pleased to present an attractive multifamily investment opportunity in the growing college town of Bryan, Texas. The asset offers compelling operational upside through active management and leasing execution, providing investors with a clear value-add pathway.
The property consists of a highly desirable unit mix comprised entirely of 60 two-bedroom/one-bath units averaging approximately 840 square feet. With in-place rents currently ranging from $850-$900, the asset presents immediate opportunity for rent growth as-is, driven by strong unit sizes and market positioning.
Additionally, 47 of the 60 units have been renovated, featuring vinyl tile flooring, upgraded countertops, new doors, fresh interior paint, and updated bathrooms. The property is individually metered for electricity and offers central air conditioning, allowing for improved expense control and reduced maintenance exposure. Community amenities include an on-site laundry facility and an open yard area, which provides potential for future low-cost outdoor amenity enhancements.
Overall, this offering represents an ideal opportunity to acquire a value-add multifamily asset with meaningful operational upside in the robust and expanding Bryan-College Station market.
Investment highlights
- Attractive value-add opportunity offering meaningful operational upside in the growing college town of Bryan, TX.
- In-place rents are modestly below market, offering near-term rent growth potential across all units.
- Strong unit mix consisting of 60 two-bedroom/one-bath units averaging a spacious 840 square feet.
- 47 of the 60 units have been substantially updated with vinyl tile flooring, upgraded countertops, new doors, fresh interior paint, and upgraded bathrooms.
- Ideally located just minutes from Kyle Field and Texas A&M University, allowing the property to appeal to both traditional renters and the student housing demographic.
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