713-355-4646
2020 Cottonwood St, Beaumont, TX for Sale
Apartments - FOR SALE
1/54
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2020 Cottonwood St
Beaumont, TX 77703
North End


HIGHLIGHTS

  • All Cash or New Loan Basis
  • Property is a "B+/A-" Grade Asset
  • Located in Beaumont, Texas, Approximately 90 miles east of Houston
  • Within 8 Minutes or 5.5 Miles from Lamar University
  • Near Major Employment and Two Major Hospitals in Beaumont
  • Underwent A "Down to the Studs" Rehab

OVERVIEW

Verandas of Beaumont Apartments is a "B+" apartment community in an "A-"area of near Downtown Beaumont. The 100 unit property was constructed in 1978 and offers residents an array of features and amenities. Per owner, rehab was started in 2021 and completed in 2022. Verandas of Beaumont Apartments underwent a complete "down to the studs" renovation both inside and out, per the owner. All units feature new washers and dryers, stainless steel appliances, hardwood floors and granite counters in kitchen and bathrooms. The updated appliances and finishes provide a modern and comfortable living experience. The addition of a playground is also a great perk for families. The gated property provides an added layer of security for residents. All units are equipped with full size washer/dryers at $65/month. The internet is available through management only ($71.95 to $44.95 packages) All appliances are electric. Situated about 90 minutes east of Houston, Beaumont is a historic city regarded for being the site of the first major oil discovery of the Texas Oil Boom. Beaumont honors its storied past with an array of fascinating museums, including the Spindletop-Gladys City Boomtown Museum, Texas Energy Museum, Art Museum of Southeast Texas, and the Edison Museum. Beaumont exudes a small-town atmosphere with a charming downtown district and a strong sense of community. Residents enjoy a broad range of apartments and houses available for rent along tree-lined avenues in Beaumont. The city is also home to Lamar University, making it a top choice for many students, faculty, and staff. Beaumont is revered for its excellent recreational opportunities, boasting close proximity to Tyrrell Park, Village Creek State Park, Sea Rim State Park, and McFaddin National Wildlife Refuge, as well as the Neches River.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

100

CAP RATE

Request Cap Rate

% LEASED

91%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Verandas of Beaumont

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1978

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.21 AC

LAND SF

183,388 SF

ZONING

-

APN/PARCEL ID

252411-000-000050-00000

ASK ABOUT THIS PROPERTY

Tom WilkinsonKET Enterprises IncorporatedMore Info
713-355-4646

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Tom WilkinsonKET Enterprises IncorporatedMore Info
713-355-4646

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