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Remington Apartments 1010 Magnolia Dr 146 Unit Apartment Building $6,500,000 ($44,521/Unit) Freeport, TX 77541
Investment Highlights
- PREMIER LOCATION IN ONE OF HOUSTON MSA’S SMALLEST SUBMARKETS BY UNIT COUNT
- NEW VOLKSWAGEN PLANT IN FREEPORT
- STRATEGICALLY LOCATED INVESTMENT WITH CONTINUED GROWTH POTENTIAL
Executive Summary
$2.2m+ Capex Recently Completed | Offered below $50k/Unit
Data Room Click Here to Access
Property Facts
| Price | $6,500,000 | Building Class | C |
| Price Per Unit | $44,521 | Lot Size | 6.17 AC |
| Sale Type | Investment | Building Size | 145,320 SF |
| No. Units | 146 | Average Occupancy | 55% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1984 |
| Apartment Style | Garden | Parking Ratio | 1.66/1,000 SF |
| Zoning | B1 | ||
| Price | $6,500,000 |
| Price Per Unit | $44,521 |
| Sale Type | Investment |
| No. Units | 146 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 6.17 AC |
| Building Size | 145,320 SF |
| Average Occupancy | 55% |
| No. Stories | 2 |
| Year Built | 1984 |
| Parking Ratio | 1.66/1,000 SF |
| Zoning | B1 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Heating
- Ceiling Fans
- Tile Floors
- Refrigerator
- Oven
- Range
- Tub/Shower
- Walk-In Closets
Site Amenities
- 24 Hour Access
- Business Center
- Clubhouse
- Fitness Center
- Laundry Facilities
- Playground
- Pool
- Breakfast/Coffee Concierge
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 68 | - | 672 |
| 2+1 | 24 | - | 846 |
| 2+2 | 44 | - | 922 |
| 3+2 | 10 | - | 1,344 |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 4647-0001-000 | Improvements Assessment | $7,800,760 |
| Land Assessment | $699,240 | Total Assessment | $8,500,000 |
Property Taxes
Parcel Number
4647-0001-000
Land Assessment
$699,240
Improvements Assessment
$7,800,760
Total Assessment
$8,500,000
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Remington Apartments | 1010 Magnolia Dr
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