101 7th St - Hospitality FOR SALE
Bay City, TX 77414 |
101 7th St
Bay City, TX 77414
HIGHLIGHTS
- 111-unit, 55,000-square-foot apartment offering the opportunity for a new investor to acquire and implement a long-term hold on.
- Value-add asset with 70% occupancy
- Built in 1965, the property has a longstanding history at this location with excellent visibility from 7th Street.
- Strong demand for affordable housing in Texas, especially Houston, has caused an upswing in senior living, workforce housing, and mobile homes.
- The area highlights strong demographics with 20,010 residents and an average household income of $74,210 within a five-mile radius.
FOR SALE DETAILS
PRICE
-
# OF ROOMS
-
CAP RATE
-
BUILDING DETAILS
PROPERTY NAME
Bay City Inn
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
115617.6
STORIES
2
ROOM ENTRANCE
Exterior
BUILDING CLASS
C
YEAR BUILT
1963
PARKING SPACES
95
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
None, site plan approval
APN/PARCEL ID
15138
