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

Apartment Buildings Texas Portland 1404 Moore Ave, Portland, TX 78374

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

The North Bay Multifamily Property at 1404 Moore Ave, Portland, TX 78374 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.

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