This property is Off-Market

514 That Way
Lake Jackson, TX 77566 ·

228 Units · Multifamily For Sale

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EdgeWater Apartments

Price N/A Property Use Type Investment
No. Units 228 Cap Rate 6.61%
Building Size 225,710 SF Year Built 2005
Property Type Multifamily Lot Size 12.23 AC
Property Sub-type Garden/Low-Rise
Listing ID: 14647708 Date Created: 06/05/2006 Last Updated: 02/08/2007

Description

Edgewater is a luxurious garden-style apartment community located in the heart of Lake Jackson, Texas. The Property was completed in 2005 and consists of 228 units with approximately 225,710 rentable square feet. Edgewater is located on 12.239 acres of land, which equates to 18.62 units/acre. The community includes 19 two-story buildings and a deluxe clubhouse/leasing center. Edgewater has excellent access, just minutes away from Highway 288 and is located near the major retail centers of the area.

Lake Jackson lies in the core retail area for southern Brazoria County
(population 257,256). Lake Jackson, with an estimated population of 27,000 in 2006, is the largest city in the community of Brazosport (78,000). Edgewater is ideally located; it sits directly across the street from Shy Pond Park with beautiful water features and is within walking distance of the Lake Jackson Intermediate School. In addition the property
is conveniently located near the town center offering a variety of retail and professional services. Just west of HWY 288 are several bigbox retailers including, Target, Wal-Mart, Lowe s, Home Depot, Academy Sports, and
the Brazos Mall with 85 specialty shops anchored by Dillard s, JC Penney, and Sears totaling 681,917 square feet of retail space.

Lake Jackson continues to bring families seeking a small town feel , with the convenience of being only 45 minutes from Houston. This historic city provides a high quality of life for families, professionals and retirees.

Highlights

  • Excellent Location
  • Quality Construction
  • Growing Economy
  • Close to Parks, Schools and Retail

Research

514 That Way, Lake Jackson, TX 77566 (Brazoria County)

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