4365 S 4th St - Apartments FOR SALE
Beaumont, TX 77705 |
4365 S 4th St
Beaumont, TX 77705
HIGHLIGHTS
- One-story apartment community centrally located near downtown Beaumont, Texas. Limited competition within a 3-mile radius.
- Rare unit mix of nearly all 2-bedroom floor plans - ideal for small families. 75/97 units have been renovated and are currently 98% occupied.
- Four 2-bedroom units were converted to two 4-bedroom units. These could be converted back, providing 2 additional units for rent.
- Additionally, the leasing office could be converted into a 1-bedroom unit, collectively increasing the potential total unit count to 100 units.
- Rents appear to be ~$100/month below renovated comps in the area. Also, the site includes ~2 acres of undeveloped land, ideal for future development.
FOR SALE DETAILS
PRICE
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# OF UNITS
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CAP RATE
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% LEASED
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BUILDING DETAILS
PROPERTY NAME
El Camino Homes | Value-Add MF | Houston MSA
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Garden
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
77730
STORIES
1
YEAR BUILT
1953
PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
300007-000-036300-00000
