1727 Main St | La Marque, TX 77568
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
1727 Main St
La Marque, TX 77568
Gulf Breeze Apartments · Multifamily Property For Sale
·
64 Units
INVESTMENT HIGHLIGHTS
- Property is a 64-unit, heavy value-add opportunity in La Marque, Texas, a community across the bridge from Galveston, Texas.
- New owner can complete exterior rehab and renovate the 4 vacant buildings (40 units) that have been down and unmarketable since 9/2021.
- Gulf Breeze is the only market rent multifamily property in the city of La Marque.
- The property has a current occupancy of 30% with an average historical occupancy of 88%.
- Gulf Breeze is being offered free and clear of existing debt.
- This reveals a housing shortage in the market which creates an opportunity to capture increased rents for a new owner
PROPERTY FACTS
| No. Units | 64 | Construction Status | Under Renovation |
| Property Type | Multifamily | Building Size | 40,656 SF |
| Property Subtype | Apartment | Average Occupancy | 0% |
| Apartment Style | Garden | No. Stories | 2 |
| Building Class | F | Year Built/Renovated | 1972/2026 |
| Lot Size | 2.25 AC | Parking Ratio | 2.21/1,000 SF |
| No. Units | 64 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | F |
| Lot Size | 2.25 AC |
| Construction Status | Under Renovation |
| Building Size | 40,656 SF |
| Average Occupancy | 0% |
| No. Stories | 2 |
| Year Built/Renovated | 1972/2026 |
| Parking Ratio | 2.21/1,000 SF |
AMENITIES
UNIT AMENITIES
- Storage Space
- Tile Floors
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Carpet
SITE AMENITIES
- Clubhouse
- Laundry Facilities
- Property Manager on Site
- Maintenance on site
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 27 | - | 556 - 575 |
| 2+1 | 37 | - | 663 - 778 |
PROPERTY TAXES
| Parcel Number | 2775-0016-0700-003 | Improvements Assessment | $2,466,880 |
| Land Assessment | $33,120 | Total Assessment | $2,500,000 |
PROPERTY TAXES
Parcel Number
2775-0016-0700-003
Land Assessment
$33,120
Improvements Assessment
$2,466,880
Total Assessment
$2,500,000
1 of 1
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
