3205 Sam Rayburn - Apartments FOR SALE


Brookeland, TX 75931
$1,500,000 USD
409-698-8299
3205 Sam Rayburn, Brookeland, TX for Sale
$1,500,000 USD
Apartments - FOR SALE
1/47
null | Request Cap Rate

3205 Sam Rayburn
Brookeland, TX 75931


HIGHLIGHTS

  • Three fully leased residential buildings offering 11 income-producing units, each featuring two bedrooms, two bathrooms, and tiled flooring.
  • Infrastructure is in place to support the addition of seven more units, creating significant development and income growth potential.
  • Includes a 4,000-square-foot commercial shop with three roll-up doors, a private office, and an attached two-bedroom, two-bath apartment.
  • Located less than a mile from Lake Sam Rayburn with unrestricted property status and convenient access to Sam Rayburn Parkway.

OVERVIEW

Rare opportunity to acquire three contiguous buildings less than a mile from Lake Sam Rayburn, offering strong, stable cash flow with room to grow. The portfolio features 11 fully leased units — each 800 sq ft with 2 bedrooms, 2 bathrooms, tiled flooring, and appliances included. Concrete driveways, covered front and rear porches, and easy Sam Rayburn Parkway access support excellent tenant retention. Infrastructure is already in place to add 7 additional units, providing immediate upside potential. Behind the residential buildings sits a 4,000 sq ft commercial shop with 3 roll-up doors, a private office, and an attached 1,400 sq ft apartment with 2 bedrooms and 2 bathrooms — ideal for an owner-operator or as added income. No longer subject to an HOA, this is now an unrestricted property — use it, expand it, and operate it entirely on your terms. A truly turn-key multi-family and commercial investment in the heart of Rayburn Country.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$106 USD /SF

# OF UNITS

12

PRICE/UNIT

$125,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.1 AC

LAND SF

178,596 SF

ZONING

-

APN/PARCEL ID

31881,31883

ASK ABOUT THIS PROPERTY

Denise QuickRayburn RealtyMore Info
409-698-8299

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Denise QuickRayburn RealtyMore Info
409-698-8299

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