469-619-4244
701 E Airline St, Victoria, TX for Sale
Apartments - FOR SALE
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701 E Airline St
Victoria, TX 77901


OVERVIEW

INVESTMENT OVERVIEW RMA is pleased to announce the exclusive listing of Victoria Place, a 59-unit, turn-key property in Victoria, TX. The asset sits in a high visibility location just off highway 87. The property is being offered at a low basis, providing an attractive entry point for a buyer looking to deploy capital and drive value. The asset is fully vacant with an incomplete renovation, creating a clean slate for an incoming owner to step in and execute immediately — no tenants to work around, no phased approach required. At this price point, total project cost should land well below replacement cost and comparable stabilized trades in the submarket. The property is positioned for a straightforward execution: acquire, renovate, and stabilize.

FOR SALE DETAILS

PRICE

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# OF UNITS

59

CAP RATE

Request Cap Rate

% LEASED

0%

STATUS

Under Renovation

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Victoria Place Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

94

LAND DETAILS

LAND ACRES

1.88 AC

LAND SF

81,893 SF

ZONING

-

APN/PARCEL ID

22300-003-00202

ASK ABOUT THIS PROPERTY

Coleton BurchRowan Multifamily AdvisorsMore Info
469-619-4244

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Coleton BurchRowan Multifamily AdvisorsMore Info
469-619-4244

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