1727 Main St - Apartments FOR SALE
La Marque, TX 77568 |
1727 Main St
La Marque, TX 77568
HIGHLIGHTS
- Property is a 64-unit, heavy value-add opportunity in La Marque, Texas, a community across the bridge from Galveston, Texas.
- The property has a current occupancy of 30% with an average historical occupancy of 88%.
- New owner can complete exterior rehab and renovate the 4 vacant buildings (40 units) that have been down and unmarketable since 9/2021.
- Gulf Breeze is being offered free and clear of existing debt.
- Gulf Breeze is the only market rent multifamily property in the city of La Marque.
- This reveals a housing shortage in the market which creates an opportunity to capture increased rents for a new owner
FOR SALE DETAILS
PRICE
-
# OF UNITS
-
CAP RATE
-
% LEASED
-
STATUS
Under Renovation
BUILDING DETAILS
PROPERTY NAME
Gulf Breeze Apartments
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Garden
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
40656
STORIES
2
YEAR BUILT
1972
PARKING SPACES
90
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
2775-0016-0700-003
