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The Reserve at Wharton 112 Kelly St 16 Unit Apartment Building $2,500,000 ($156,250/Unit) Wharton, TX 77488
Investment Highlights
- Built in 2022
- Open Floor Concept & Private Patio/Balcony
- Stainless Steel Appliances
- 16 units
- Individual AC/Heat
- In-Unit Washer/Dryer
Executive Summary
Newer Construction 16-Unit Apartment Property | Wharton, TX
Offered for sale is a 16-unit multifamily investment property comprised of two modern apartment buildings, constructed in 2022, and located in Wharton, Texas. The property features a desirable mix of one- and two-bedroom units, designed to appeal to a broad tenant base.
The buildings showcase contemporary architecture, durable exterior finishes, and well-maintained outdoor areas. Units include functional layouts with ample natural light, and all units offer private balconies or patios. The property provides on-site parking and a clean, landscaped setting, contributing to strong curb appeal and tenant retention.
With its recent construction, the asset offers investors low anticipated maintenance, modern building systems, and long-term operational efficiency. This property presents an excellent opportunity for both stabilized cash flow and long-term appreciation in a growing regional market.
Ideal for investors seeking a turnkey multifamily asset in a secondary Texas market with solid rental demand.
Offered for sale is a 16-unit multifamily investment property comprised of two modern apartment buildings, constructed in 2022, and located in Wharton, Texas. The property features a desirable mix of one- and two-bedroom units, designed to appeal to a broad tenant base.
The buildings showcase contemporary architecture, durable exterior finishes, and well-maintained outdoor areas. Units include functional layouts with ample natural light, and all units offer private balconies or patios. The property provides on-site parking and a clean, landscaped setting, contributing to strong curb appeal and tenant retention.
With its recent construction, the asset offers investors low anticipated maintenance, modern building systems, and long-term operational efficiency. This property presents an excellent opportunity for both stabilized cash flow and long-term appreciation in a growing regional market.
Ideal for investors seeking a turnkey multifamily asset in a secondary Texas market with solid rental demand.
Data Room Click Here to Access
Property Facts
| Price | $2,500,000 | Building Class | B |
| Price Per Unit | $156,250 | Lot Size | 0.86 AC |
| Sale Type | Investment | Building Size | 22,712 SF |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2022 |
| Property Subtype | Apartment | Parking Ratio | 2.13/1,000 SF |
| Apartment Style | Low-Rise |
| Price | $2,500,000 |
| Price Per Unit | $156,250 |
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.86 AC |
| Building Size | 22,712 SF |
| No. Stories | 2 |
| Year Built | 2022 |
| Parking Ratio | 2.13/1,000 SF |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Family Room
- Island Kitchen
- Patio
- Porch
- Quartz Countertops
Site Amenities
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 645 |
| 2+2 | 8 | - | 948 |
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Property Taxes
| Parcel Number | R060286 | Improvements Assessment | $1,180,491 |
| Land Assessment | $67,509 | Total Assessment | $1,248,000 |
Property Taxes
Parcel Number
R060286
Land Assessment
$67,509
Improvements Assessment
$1,180,491
Total Assessment
$1,248,000
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The Reserve at Wharton | 112 Kelly St
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