Multifamily Property For Sale - Ridgewood Apartments

693 Ridgewood Drive, Port Neches, TX, 77651

 

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Ridgewood Apartments

693 Ridgewood Drive, Port Neches, TX 77651

Entrance to the complex
  • $3,850,000
  • 66
  • 51,906 SF
  • $58,333.33
  • Multifamily
  • Garden/Low-Rise
  • Investment
  • 9.50%
  • 100%
  • 111,949 SF
  • Find Out More...
Last Verified  10/13/2009 Listing ID  16283147

Description

Blount Properties is pleased to present The Ridgewood Apartments, a beautifully remodeled apartment complex located at 693 Ridgewood Drive in Port Neches, Texas. The complex consists of three buildings situated on 2.57 acres of land in an attractive residential neighborhood. This property is a well located 66-unit apartment community offering two popular floorplans: 26 one-bedroom units and 40 two-bedroom units. The complex also includes a manager' s office, laundry facilities, maintenance rooms and convenient storage units for the residents. The owners of Ridgewood have recently completed an extensive reconstruction and upgrading of the property (in excess of $3 million). In the process, they have reengineered structural elements, significantly enhanced interior amenities, and redesigned the exterior, creating a property that is structurally sound, highly attractive, and uniquely appealing.

Excellent South Texas Location Minutes from State Highway 69, Ridgewood is located in the heart of the growing southeast Texas petrochemical industry. Along with the four other primary cities that comprise Jefferson County Beaumont, Port Arthur, Nederland and Groves Port Neches provides excellent access to both industrial and retail centers.

Port Neches is a thriving city in the center of southeast Texas, located along the western banks of the Neches River in Jefferson County. As one of the five major cities of Jefferson County, it shares a border with Port Arthur, the heart of the petrochemical industry in Southeast Texas.

The expansion of the petrochemical industry in Jefferson County has brought with it a significant expansion in the local commercial and retail sector, and resulted in high demand for these units.

Financial Summary

  • Actual
  • 2008
  • $362,443

Map of 693 Ridgewood Drive, Port Neches, TX 77651 (Jefferson County)

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Presented by

Blount Properties

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Michael McFarland (409) 790-3606
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Created 6/17/2009

Additional Information for 693 Ridgewood Drive, Port Neches, TX 77651

  • Active For Sale - 1 Listing
  • Active For Lease - 0 Listing
  • Previously Listed - 3 Historic Listings
  • Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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