303-511 E Reagan Rd - Apartments FOR SALE


Beeville, TX 78102
$2,380,000 USD
210-317-1179
303-511 E Reagan Rd, Beeville, TX for Sale
$2,380,000 USD
Apartments - FOR SALE
1/56
null | 5.16% Cap Rate

303-511 E Reagan Rd
Beeville, TX 78102


OVERVIEW

Lifestyles Realty is pleased to present this multifamily asset consisting of 28 units spread across six well-maintained buildings, offering a total of 20,324 square feet of net rentable area (NRA). Situated on 1.643 acres, the property provides ample space for residents with a low-density layout. Originally constructed in 1975, the buildings have retained their structural integrity and classic charm. The unit mix and site layout are ideal for long-term tenants seeking a community setting. This asset presents a solid investment opportunity in the stable multifamily sector. “Current” NOI is 2024 Income; ProForma NOI is based on T6 P&L.

FOR SALE DETAILS

PRICE

$2,380,000 USD

PRICE/SF

$118 USD /SF

# OF UNITS

28

PRICE/UNIT

$85,000

CAP RATE

5.16%

% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Reagan Road Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1976

PARKING SPACES

45

LAND DETAILS

LAND ACRES

1.64 AC

LAND SF

71,438 SF

ZONING

Multi-Family

APN/PARCEL ID

28971,29036,29205,29207,91644,91646

ASK ABOUT THIS PROPERTY

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210-317-1179

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Steve GuzekPhyllis browning commercialMore Info
210-317-1179

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