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1404 Moore Ave
Portland, TX 78374
Turnkey Multifamily | $3.6m CapEx | High NOI · Multifamily Property For Sale · 132 Units

INVESTMENT HIGHLIGHTS

  • This turnkey multifamily investment comprises 132 units at 98% occupancy, providing investors with a high going-in NOI and further growth potential.
  • Located within 10 minutes of national retailers, walkable parks, major highways, large employers, and the white sands of North Beach.
  • Value-add opportunity to introduce charges for on-site reserved and covered parking and generate additional revenue.
  • Recently received over $3.6M in capital improvements, now boasting luxurious apartment interiors and top-of-the-line community amenities.
  • Supported by the area’s growing population and a lack of supply-side competition, rent growth is estimated to exceed 3.6% during 2025.

PROPERTY FACTS

Sale Condition Auction Sale
Type of Ownership Fee Simple
No. Units 132
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class B
Lot Size 5.85 AC
Building Size 125,057 SF
Average Occupancy 86%
No. Stories 2
Year Built 1971
Zoning MF - Multi-Family
Parcel Numbers
48138
  • 65914

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Balcony
  • Cable Ready
  • Dishwasher
  • Heating
  • Refrigerator
  • Oven
  • Range
  • Walk-In Closets

SITE AMENITIES

  • Courtyard
  • Laundry Facilities
  • Pool
  • Pet Play Area
  • Walking/Biking Trails
  • Maintenance on site
  • Fiber Optic Internet

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 62 - 620 - 725
2+1 31 - 737 - 880
2+2 8 - 916
3+1 31 - 880
  • Listing ID: 33476673

  • Date on Market: 10/10/2024

  • Last Updated:

  • Address: 1404 Moore Ave, Portland, TX 78374

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