409-273-4489
1750 N Pine St, Kountze, TX for Sale
Apartments - FOR SALE
1/11
null | Request Cap Rate

1750 N Pine St
Kountze, TX 77625


HIGHLIGHTS

  • High Occupancy

OVERVIEW

Highly Occupied | Strong Cash Flow | $100+ Rent Upside | Additional 12 Unit Complex Available for Purchase Only 15 Minutes Away | Extra Land to Build On Parkway Terrace is a highly occupied 12-unit multifamily asset offering immediate cash flow and clear value-add upside in the supply-constrained Hardin County submarket. The property features all 2BR/1BA units averaging 922 SF across two buildings with ample parking. In-place rents average $866/unit, providing $100/unit upside to market through interior upgrades. Strong T12 performance reflects a 52% NOI margin, delivering durable income from day one with organic growth potential over the hold period. This asset has additional land to either add amenities or build more units. *There is also an opportunity to purchase another 12 unit complex 15 minutes from this asset. Can be sold together or individually.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

12

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Parkway Terrace

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1983

PARKING SPACES

29

LAND DETAILS

LAND ACRES

0.89 AC

LAND SF

38,768 SF

ZONING

-

APN/PARCEL ID

001650-000650

ASK ABOUT THIS PROPERTY

Haley JohnRH Capital PartnersMore Info
409-273-4489

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Haley JohnRH Capital PartnersMore Info
409-273-4489

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