516 S 9th St - Apartments FOR SALE


Kenedy, TX 78119
$1,150,000 USD
210-343-7809
516 S 9th St, Kenedy, TX for Sale
$1,150,000 USD
Apartments - FOR SALE
1/23
null | 2.58% Cap Rate

516 S 9th St
Kenedy, TX 78119


HIGHLIGHTS

  • LOCATION: Strategically positioned in the heart of the Eagle Ford Shale region, one of America's most productive oil drilling areas.
  • CONDITION: Well-maintained asset with minimal def erred maintenance, featuring modern construction with contemporary design.
  • UNIT MIX: 100% two-bedroom, two-bathroom units, providing consistent rental income and simplified management.
  • STRONG DEMOGRAPHICS: Located in a growing area with increasing population and household growth, with a 10.32 percent population growth f rom 2020-2024

OVERVIEW

Marcus & Millichap is pleased to present the exclusive listing of The Junction, a multifamily asset in Kenedy, Texas. The property consists of 24 units and was developed in 2014, offering modern construction with minimal deferred maintenance. The Junction features 100 percent two-bedroom, two-bathroom units, providing a consistent and simplified rental structure. The property benefits f rom Kenedy's position at the heart of the Eagle Ford Shale region, one of America's most productive oil drilling areas, producing approximately 1.1 million barrels of crude daily an d accounting for nine percent of US oil production. Optimally located at 516 South 9th Street in Kenedy, residents benefit f rom proximity to major employers in the oil and gas industry, and the property's stable occupancy and lack of nearby supply demonstrates consistent demand in this market.

FOR SALE DETAILS

PRICE

$1,150,000 USD

PRICE/SF

$48 USD /SF

# OF UNITS

24

PRICE/UNIT

$47,917

CAP RATE

2.58%

% LEASED

67%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Junction

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2014

PARKING SPACES

46

LAND DETAILS

LAND ACRES

1.42 AC

LAND SF

61,855 SF

ZONING

-

APN/PARCEL ID

106-2840

ASK ABOUT THIS PROPERTY

Benjamin KalterMarcus & MillichapMore Info
210-343-7809

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Benjamin KalterMarcus & MillichapMore Info
210-343-7809

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