1700 Baywood Dr | Bay City, TX 77414
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- LoopNet Team
1700 Baywood Dr
Bay City, TX 77414
Shadow Bay · Multifamily Property For Sale
·
232 Units
INVESTMENT HIGHLIGHTS
- This property currently operates 25% below expected market performance.
- Over $3M in CAPEX has been injected into Shadow Bay since 2014 (see CAPEX log)
- The current situation with forbearance due to COVID has weakened the current operation.
- New owners are granted a property in great condition ready to be leased after forbearance has been lifted.
PROPERTY FACTS
| No. Units | 232 | Lot Size | 8.57 AC |
| Property Type | Multifamily | Building Size | 199,232 SF |
| Property Subtype | Apartment | Average Occupancy | 66% |
| Apartment Style | Garden | No. Stories | 2 |
| Building Class | B | Year Built/Renovated | 1978/2012 |
| No. Units | 232 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 8.57 AC |
| Building Size | 199,232 SF |
| Average Occupancy | 66% |
| No. Stories | 2 |
| Year Built/Renovated | 1978/2012 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Washer/Dryer Hookup
- Refrigerator
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- Clubhouse
- Laundry Facilities
- Property Manager on Site
- Laundry Service
- Package Service
- Maintenance on site
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 32 | - | 460 |
| 1+1 | 95 | - | 600 - 750 |
| 2+1 | 73 | - | 782 - 851 |
| 2+2 | 24 | - | 950 |
| 3+2 | 8 | - | 1,150 |
PROPERTY TAXES
| Parcel Number | 12502 | Improvements Assessment | $7,835,590 |
| Land Assessment | $242,780 | Total Assessment | $8,078,370 |
PROPERTY TAXES
Parcel Number
12502
Land Assessment
$242,780
Improvements Assessment
$7,835,590
Total Assessment
$8,078,370
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