The Magnolia

For Sale

317 Preusser St, San Angelo, TX 76903

This San Angelo property for sale is located at 317 Preusser St. Contact the listing broker for details on the current sale price for The Magnolia. The Magnolia is situated on a lot that is 0.3 acre in size.

Contacts

broker
Greg Brownd

The Go-Getters Multifamily with KW Commercial

Property Details

  • Property Type Multi-Family
  • Property Size 5,792 SF
  • Units 8
  • Lot Size 0.3 Acre
  • Year Built 1974
  • Date Updated Mar 24, 2025
The Magnolia Apartments are located in San Angelo, Texas, a city of nearly 100,000 residents in central Texas, situated between Austin and Midland. San Angelo is home to Angelo State University, with 10,500 students, and key employers like Shannon Health System and Goodfellow Air Force Base. With a strong local economy and vibrant community, San Angelo offers an ideal location for investment.The Go-Getters Multifamily Team is excited to present the exclusive listing for the Magnolia Apartments in San Angelo, TX. This property consists of 8 units, each 724 square feet with 1 bedroom and 1 bathroom. Over the past year, the current ownership group has invested more than $98,000 in unit upgrades and over $50,000 in capital improvements, including extensive renovations and property enhancements. This presents a excellent opportunity to acquire an upgraded property with minimal operational changes needed to further increase NOI.
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Highlights

  • More than $150K in upgrades.
  • Strong yield from day one.
  • 100% Occupancy.

Getting around

  • 68/100

    Walk Score ®

  • 53/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City San Angelo, TX
  • Zip Code 76903

Points of Interest

  • Alon

    0.49 miles

  • Shell

    0.61 miles

  • Stripes

    1.28 miles

  • Murphy USA

    2.23 miles

  • Blink

    4.02 miles

  • Hilton Hotel

    0.33 miles

  • Oakes Hotel Building

    0.38 miles

  • Jameson Inn Pearl on the Concho

    0.39 miles

  • Clarion Hotel

    0.44 miles

  • Knights Inn San Angelo

    0.89 miles

  • Econo Lodge San Angelo

    0.91 miles

  • Motel 6

    0.92 miles

  • Best Western

    1.18 miles

  • Super 8 by Wyndham San Angelo

    1.55 miles

  • Inn of the Conchos

    1.66 miles

  • Eggemeyer's General Store

    0.46 miles

  • Walmart Neighborhood Market

    1.98 miles

  • Walmart Supercenter

    2.29 miles

  • Commissary

    2.87 miles

  • H-E-B

    3.20 miles

  • Market Street

    4.26 miles

  • Big Lots

    4.63 miles

  • Burlington

    4.71 miles

  • Target

    4.77 miles

  • Sunset Mall

    4.82 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Greg Brownd

The Go-Getters Multifamily with KW Commercial

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