Blue Sky Apartments
Value-Add 42-Unit Multifamily Near Sam Houston State
Marketing description
Blue Sky Apartments is a 42-unit multifamily community built in 1971, consisting of approximately 29,000 sqft on 1.16 acres. The property presents a strong value add opportunity through a combination of operational improvements and physical enhancements.
Located at 911 University Ave in Huntsville, TX, the property benefits from its close proximity to Sam Houston State University, which has an enrollment of over 21,000 students and serves as a primary demand driver for the local rental market.
The asset is also just minutes from downtown Huntsville, providing convenient access to retail, dining, and employment centers. This strategic location supports consistent tenant demand from both student and workforce housing, making Blue Sky Apartments well-positioned for long-term stability and growth in a market with limited new multifamily supply and strong rental fundamentals.
Investment highlights
- Located Near Sam Houston State University (21,000+ Students)
- Individually Metered Electric (Expense Control Benefit)
- On-Site Leasing Office + Laundry Facility
- Walkable to Downtown Huntsville + SHSU
- Strong Rental Demand Driven by Student + Workforce Housing
- Below Market Rents room to increase NOI
- Recent upgrades include renovations to units in Building A, featuring new countertops, cabinetry, and appliances. Approximately 25% of the total units were updated within the past three years.
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