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Capstone is pleased to present Trinity Oaks Apartments, a well-maintained property comprised of two phases, each containing 24 units specifically for lower-income senior residents. Phase one benefits from a project-based housing assistance contract with HUD, guaranteeing consistent occupancy and reducing vacancy risk. Phase two offers more flexibility with tenant-based rental assistance programs. Both phases are financed with USDA mortgages, providing favorable loan terms. New owners will have the opportunity for immediate income growth by transferring all units to full market rates upon purchase. A variety of unique amenities can be found in each phase including office space with storage and laundry for phase one, and a community room with kitchen and laundry for phase two. An additional enticing bonus is the presence of 4 acres of vacant land zoned for multifamily development. This added land provides the opportunity to significantly expand the property’s footprint and generate increased rental income in the future.

Investment Highlights:

Stable Income with Hud Contract & Rent Subsidized 52+ Community

Ability to Remove Rent Restrictions and Make the Property Market Rate

Attractive Basis of $27,083/Unit

Prime Future Development Opportunity: 4 Acres of Vacant Multifamily Land

  • Address 600 Woodlawn Street
  • City Sulphur Springs
  • State/county Texas
  • Zip/Postal Code 75482

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