1305 Memorial Dr | Baytown, TX 77520
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- LoopNet Team
1305 Memorial Dr
Baytown, TX 77520
1305 Memorial Apartments · Multifamily Property For Sale
·
44 Units
INVESTMENT HIGHLIGHTS
- Advantageous Location :: Located in thriving Baytown, near Kemah Boardwalk, downtown Houston and less than a mile from State Highways Spur 330 and 146
- High-Performing Asset :: Currently 91% occupied and maintaining high levels of collections, the Property consistently outperforms the market
- Tight Rental Market :: Rental demand is on the rise as residents push toward suburban living to avoid clustered infill of metropolis markets
- Strong Submarket :: Largely driven by blue-collar and industrial jobs, Baytown experienced a petrochemical boom with $50B new construction
- Value-Add Potential :: Substantial room for renovation with little to no deferred maintenance necessary
PROPERTY FACTS
| No. Units | 44 | Building Size | 35,688 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1965 |
| Building Class | C | Parking Ratio | 1.65/1,000 SF |
| Lot Size | 1.38 AC |
| No. Units | 44 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.38 AC |
| Building Size | 35,688 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1965 |
| Parking Ratio | 1.65/1,000 SF |
AMENITIES
UNIT AMENITIES
- Dishwasher
- Washer/Dryer Hookup
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
SITE AMENITIES
- Courtyard
- Laundry Facilities
- Tenant Controlled HVAC
- Pet Play Area
- Recycling
- Smoke Free
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 30 | $840.00 | - |
| 2+1 | 12 | $948.00 | - |
| 2+2 | 1 | $1,025 | - |
| 3+1 | 1 | $1,125 | - |
PROPERTY TAXES
| Parcel Number | 0451440030064 | Improvements Assessment | $2,482,373 |
| Land Assessment | $308,585 | Total Assessment | $2,790,958 |
PROPERTY TAXES
Parcel Number
0451440030064
Land Assessment
$308,585
Improvements Assessment
$2,482,373
Total Assessment
$2,790,958
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