112 Kelly St - Apartments FOR SALE


Wharton, TX 77488
$2,500,000 USD
979-543-2228
112 Kelly St, Wharton, TX for Sale
$2,500,000 USD
Apartments - FOR SALE
1/11
null | Request Cap Rate

112 Kelly St
Wharton, TX 77488


HIGHLIGHTS

  • Built in 2022
  • 16 units
  • Open Floor Concept & Private Patio/Balcony
  • Individual AC/Heat
  • Stainless Steel Appliances
  • In-Unit Washer/Dryer

OVERVIEW

Newer Construction 16-Unit Apartment Property | Wharton, TX Offered for sale is a 16-unit multifamily investment property comprised of two modern apartment buildings, constructed in 2022, and located in Wharton, Texas. The property features a desirable mix of one- and two-bedroom units, designed to appeal to a broad tenant base. The buildings showcase contemporary architecture, durable exterior finishes, and well-maintained outdoor areas. Units include functional layouts with ample natural light, and all units offer private balconies or patios. The property provides on-site parking and a clean, landscaped setting, contributing to strong curb appeal and tenant retention. With its recent construction, the asset offers investors low anticipated maintenance, modern building systems, and long-term operational efficiency. This property presents an excellent opportunity for both stabilized cash flow and long-term appreciation in a growing regional market. Ideal for investors seeking a turnkey multifamily asset in a secondary Texas market with solid rental demand.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$110 USD /SF

# OF UNITS

16

PRICE/UNIT

$156,250

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Reserve at Wharton

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2022

PARKING SPACES

34

LAND DETAILS

LAND ACRES

0.86 AC

LAND SF

37,462 SF

ZONING

-

APN/PARCEL ID

R060286

ASK ABOUT THIS PROPERTY

Daniel ZalmanZalman & CompanyMore Info
979-543-2228

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Daniel ZalmanZalman & CompanyMore Info
979-543-2228

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.