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The Bella Vista Apartments is a 80 unit, 1970-built multifamily asset located at 4125 Ben Ficklin Rd San Angelo, Texas. The Bella Vista Apartments has excellent access to Interstate 87. The property consists of 3 buildings on 3.71 acres, brick exteriors, concrete slab foundations, and mature trees and shrubs.
The property consists of 3 buildings on 3.71 acres, brick exteriors, concrete slab foundations, outdoor grilling area, community pool, clubhouse, and has mature trees and shrubs. The property features an effective unit mix with sixty five, one bedroom one bath units at 600 sf, fifteen two bedroom one bath units at 800 sf.
The property is rich in quality amenities such as washer and dryer hookups, property manager onsite, individual HVAC's, ceiling fans, cable and high speed internet ready. Kitchens have formica counter tops, microwaves, dishwashers and garbage disposals, range ovens, and refrigerators. The units also feature stylish flooring, carpet, and nice spacious closets.
New ownership can opt to add additional capital improvements to the units interior and exterior while shifting to stringent property management, improving occupancy, and potentially pass through the bulk of $35k in utility expenses to increase returns. In the last twelve months current management has paid $67k in payroll which is above market for a property this size. According to Dallas News the metro has eight million residents and is on course to have an additional one and a half million new residents by 2025 thus driving the demand for quality housing. Investors seeking a true rare value-added opportunity through capital improvements in one of America’s strongest markets should consider acquiring the Brentwood Court Apartments

City - San Angelo

Welcome to San Angelo, an oasis in West Texas! San Angelo is in the Concho Valley, a region of Texas between the Permian Basin to the northwest, Chihuahuan Desert to the southwest, Osage Plains to the northeast and Central Texas to the southeast. This geographical crossroads – plus the confluence of the three branches of the Concho River – has created a unique and special place in North America. A virtual oasis, San Angelo is home to three lakes, as well as the beautiful Concho River, which runs through the heart of the city.
San Angelo’s 100,000 residents take pride in Angelo State University, Goodfellow Air Force Base, the International Waterlily Collection, excellent medical facilities and many cultural events. The versatile San Angelo State Park helped the city earn the number two spot on Livability.com’s Top 10 Great Places to Ride a Bike. The Concho River Walk has been designated one of five Great Public Spaces on the American Planning Association’s annual Great Places in America list.
San Angelo has consistently been ranked as one of the best small cities for business and employment. In 2015, San Angelo was named one of the top 25 cities to retire in by Forbes Magazine. San Angelo also ranked as one of the best cities for veterans in 2016 by Livability.com. Recently, San Angelo made another Forbes Magazine listing as one of the best small places for businesses and careers in 2019.
San Angelo offers a delightful mixture of arts and culture of West Texas, from a sophisticated symphony that showcases artists such as the Vienna Boys Choir to country and western music, to a civic ballet whose students regularly earn spots at top national dance academies to the folk dances of Mexico. Patrons enjoy live theater at the state’s longest-running theater, Angelo Civic Theatre and on the Angelo State University campus. The Chicken Farm Art Center displays works by visual artists of all media, and the San Angelo Museum of Fine Arts, a world-class museum that received the prestigious National Museum Service Award, houses continually changing exhibits by artists from Texas and around the world. Also native to the Concho Valley is the San Angelo Stock Show and Rodeo, which began in 1932, making it one of the longest-running rodeos in the world.