Texas / San Angelo / 76901 / 1506 Greenwood Street

1506 Greenwood Street

Q: What is the building size of this Multifamily property in San Angelo, TX?

The size of the building/unit at 1506 Greenwood Street in San Angelo is 15,118 square feet.

Q: How much land does the San Angelo, TX property at 1506 Greenwood Street include?

1506 Greenwood Street in San Angelo includes 1.000 acres of land.

Q: What is the population within 1 mile of 1506 Greenwood Street?

The population within 1 mile of 1506 Greenwood Street San Angelo, TX 76901 is 8,071 people.

Q: Who do I contact for questions about 1506 Greenwood Street?

You should contact the listing agent, Greg Brownd, for any details regarding this commercial listing.

San Angelo, TX 76901

Listing ID: 266998

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Building Size: 15,118 SF

Lot Size: 1.000 AC

Land Size: 43,560 SF

Building $/SF: --

Land $/SF: --

Price

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Property Highlights

Greenwood is a 16 unit, two-story property.

The unit sizes are on average 65 sf larger than the other properties used as rent comps.

Electric is separately metered and paid by the tenant.

The watersewertrash bill is currently being paid by the owner and not allocated to the tenant.

Description

This is an ideal property for either a local investor wanting to expand their portfolio in San Angelo or a newer investor wanting to get started in multifamily. It’s maintained strong occupancy and has all classic, unrenovated units. If you stabilized current operations, the projected IRR by year 5 is 19.3%.
There is strong upside on rents if you did decide to completely renovate the units. Also, the tenants aren’t currently charged for water. Other than implementing RUBS, there are several ways to reduce expenses especially on water savings and getting repairs and maintenance in line with the market. If you implemented the value add plan, the projected IRR by year 5 is 26.0%.
It has 12 one bedroom units and 4 two bedroom units. It is stucco construction, and both roofs have been replaced in the last two years. The bottom floor units have fenced in patios and the top floor units have balconies.

Points of Interest & Demographic Radii

Points of Interest

Demographic Radii

POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.

Listing Demographics for 1506 Greenwood Street San Angelo, TX 76901

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

		1-Mile	3-Miles	5-Miles
Total Population		8,071	47,098	87,590
Population Median Age		36	37	37
Population by Age	0-9 Yrs	1063 (13%)	5631 (11%)	11190 (12%)
	10-19 Yrs	1314 (16%)	7274 (15%)	12629 (14%)
	20-29 Yrs	1135 (14%)	7979 (16%)	15200 (17%)
	30-39 Yrs	1031 (12%)	6150 (13%)	12004 (13%)
	40-49 Yrs	1111 (13%)	5267 (11%)	9179 (10%)
	50-59 Yrs	965 (11%)	5554 (11%)	9925 (11%)
	60-69 Yrs	634 (7%)	4706 (9%)	8665 (9%)
	70+ Yrs	817 (10%)	4538 (9%)	8799 (10%)

Median HH Income		$49,521	$46,456	$48,585
Total Household Income	< 24K	618 (22%)	4259 (25%)	7724 (23%)
	25-49K	747 (27%)	4733 (28%)	9137 (27%)
	50-74K	553 (20%)	3320 (19%)	5994 (18%)
	75-99K	316 (11%)	1767 (10%)	3911 (11%)
	100-199K	471 (17%)	2344 (13%)	5142 (15%)
	200K+	0 (0%)	354 (2%)	974 (2%)

Highest Education Level	No Diploma	758	5451	8561
	Diploma or GED	2168	10399	17252
	Some College	1368	7417	13981
	Assoc. Degree	290	1921	3829
	Bachelors Degree	460	3214	7978
	Higher Degree	140	1959	4362

Total Housing Units		2,924	19,274	36,834
--Owner-Occupied		1,546	10,551	19,106
--Renter-Occupied		1,159	6,226	13,776
Owner-Occupied Values	< 100K	1059	5454	7594
	100-199K	449	3662	7704
	200-299K	21	939	2731
	300-399K	4	195	514
	400-499K	0	102	260
	500K+	13	198	302

Total Working Age Population		6,186	37,683	69,367
In Work Force		4,308	23,760	45,046
Not In Work Force		1,879	13,923	24,321
Workforce Employed		4,122	22,716	41,580
Workforce Unemployed		166	904	1,749
Civlian Workforce		4,288	23,619	43,328
Military Workforce		20	141	1,718

Total Households		2,705	16,776	32,882
Family Households		1,903	10,370	19,980
Non-Family Households		802	6,406	12,901
Married Couple		1,161	6,902	13,750
Other Family		743	3,468	6,230
Married w/Child		397	2,714	5,489
Single Male w/Child		41	569	1,080
Single Female w/Child		338	1,162	2,274

Population Change Last Two Decades - Plus Projection

	2000	%	2010	%	2020	%	2030
Texas	20,851,820	+21	25,145,561	+18	29,677,668	+18	34,894,452
Tom Green County	104,010	+6	110,224	+12	123,276	+12	138,225

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Common Questions and Answers

What is the building size of this Multifamily property in San Angelo, TX?

The size of the building/unit at 1506 Greenwood Street in San Angelo is 15,118 square feet

How much land does the San Angelo, TX property at 1506 Greenwood Street include?

1506 Greenwood Street in San Angelo includes 1.000 acres of land

What is the population within 1 mile of 1506 Greenwood Street in San Angelo?

The population within 1 mile of 1506 Greenwood Street San Angelo, TX 76901 is 8,071 people.

Who do I contact for questions about 1506 Greenwood Street?

You should contact the listing agent, Greg Brownd, for any details regarding this commercial listing.

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4421 82nd Street, Lubbock, TX	CALL	360480	17.89
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Closest Commercial Airports

Airport	Distance (mi)
Lubbock Preston Smith International Airport (LBB)	170
San Antonio International Airport (SAT)	179
Austin Bergstrom International Airport (AUS)	188