713-783-6262
475 S Denver St, Vidor, TX for Sale
Apartments - FOR SALE
1/21
null | Request Cap Rate

475 S Denver St
Vidor, TX 77662
West Orange


HIGHLIGHTS

  • 1972 Built, "C" Grade, Garden Style Apartment Complex located in an "B+" area of a Tertiary Market
  • The property is located near Major Employment Centers such as Downtown Beaumont, ExxonMobil, ExxonMobil BLADE, Port Arthur and Orange
  • Sits within feet of N. Main St. and I-10
  • Located off Denver St near I-10 and N Main allows its residents to benefit from the nearby schools, employment, entertainment, dinning and shopping
  • The property is sub-metered for electricity.

OVERVIEW

Houston Income Properties, Inc., is proud to serve as the exclusive advisor to the seller, presenting a good opportunity for discerning investors to acquire the fee-simple interest in the American Village Apartments, a 1972 built, 98-unit garden-style apartment complex that is situated in the bedroom community of Vidor, Texas. The property is sub-metered for electricity. This 93% occupied, "C" class property is strategically located in a "B+" area of Vidor, less than half a mile from the bustling N. Main Street, which serves as the heart of the town. Vidor functions primarily as a residential hub for the nearby Beaumont-Port Arthur refining complexes, making it an attractive choice for tenants seeking proximity to employment opportunities. The surrounding suburban landscape, devoid of a traditional downtown district, enhances the appeal of American Village, as residents enjoy a tranquil yet conveniently located lifestyle. This opportunity is being offered as an "All Cash" transaction, encouraging qualified investors to consider securing financing to optimize their investment strategy and maximize returns. Houston Income Properties, Inc., believes that with the right management techniques, the correction of deferred maintenance and upgrades that this property represents a stable investment within a growing area. We invite you to reach out for further details.

FOR SALE DETAILS

PRICE

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# OF UNITS

98

CAP RATE

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% LEASED

93%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

American Village Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1974

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.99 AC

LAND SF

173,979 SF

ZONING

C

APN/PARCEL ID

008094-003420

ASK ABOUT THIS PROPERTY

Jim HurdHouston Income Properties, Inc.More Info
713-783-6262

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Jim HurdHouston Income Properties, Inc.More Info
713-783-6262

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