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https://grea.com/properties/#/the-pointe-at-port-arthur
The Pointe Apartments, located at 1501 Poole Avenue in Port Arthur, Texas, presents a compelling value-add investment opportunity within a thriving industrial-driven submarket. Built in 1967 and extensively renovated from 2020 to 2021 with a $1.7 million capital improvement program, this garden-style multifamily community comprises 226 units spread across 14 two-story buildings on approximately 10.33 landscaped acres. The property offers a diversified unit mix of spacious one-, two-, and three-bedroom layouts, featuring upgraded interiors with stainless steel appliances, stylish vinyl flooring, and generous walk-in closets.
Residents benefit from desirable amenities such as a renovated fitness center, modern clubhouse with lounge, business center, laundry facilities, and controlled access, all complemented by responsive on-site management and maintenance. Situated strategically near downtown Port Arthur, Pleasure Island, Sabine Lake, and key employment hubs including maritime and refinery industries, The Pointe enjoys stable housing demand and presents immediate upside potential through vacancy lease-up and further rent growth opportunities. Currently positioned below local market rental rates, the asset offers investors attractive returns and significant future appreciation prospects in a market anchored by consistent economic fundamentals.