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Verandas of Beaumont 2020 Cottonwood St 100 Unit Apartment Building For Sale Beaumont, TX 77703
INVESTMENT HIGHLIGHTS
- All Cash or New Loan Basis
- Located in Beaumont, Texas, Approximately 90 miles east of Houston
- Near Major Employment and Two Major Hospitals in Beaumont
- Property is a "B+/A-" Grade Asset
- Within 8 Minutes or 5.5 Miles from Lamar University
- Underwent A "Down to the Studs" Rehab
EXECUTIVE SUMMARY
Verandas of Beaumont Apartments is a "B+" apartment community in an "A-"area of near Downtown Beaumont. The 100 unit property was constructed in 1978 and offers residents an array of features and amenities. Per owner, rehab was started in 2021 and completed in 2022.
Verandas of Beaumont Apartments underwent a complete "down to the studs" renovation both inside and out, per the owner. All units feature new washers and dryers, stainless steel appliances, hardwood floors and granite counters in kitchen and bathrooms. The updated appliances and finishes provide a modern and comfortable living experience. The addition of a playground is also a great perk for families. The gated property provides an added layer of security for residents.
All units are equipped with full size washer/dryers at $65/month. The internet is available through management only ($71.95 to $44.95 packages) All appliances are electric.
Situated about 90 minutes east of Houston, Beaumont is a historic city regarded for being the site of the first major oil discovery of the Texas Oil Boom. Beaumont honors its storied past with an array of fascinating museums, including the Spindletop-Gladys City Boomtown Museum, Texas Energy Museum, Art Museum of Southeast Texas, and the Edison Museum.
Beaumont exudes a small-town atmosphere with a charming downtown district and a strong sense of community. Residents enjoy a broad range of apartments and houses available for rent along tree-lined avenues in Beaumont. The city is also home to Lamar University, making it a top choice for many students, faculty, and staff.
Beaumont is revered for its excellent recreational opportunities, boasting close proximity to Tyrrell Park, Village Creek State Park, Sea Rim State Park, and McFaddin National Wildlife Refuge, as well as the Neches River.
Verandas of Beaumont Apartments underwent a complete "down to the studs" renovation both inside and out, per the owner. All units feature new washers and dryers, stainless steel appliances, hardwood floors and granite counters in kitchen and bathrooms. The updated appliances and finishes provide a modern and comfortable living experience. The addition of a playground is also a great perk for families. The gated property provides an added layer of security for residents.
All units are equipped with full size washer/dryers at $65/month. The internet is available through management only ($71.95 to $44.95 packages) All appliances are electric.
Situated about 90 minutes east of Houston, Beaumont is a historic city regarded for being the site of the first major oil discovery of the Texas Oil Boom. Beaumont honors its storied past with an array of fascinating museums, including the Spindletop-Gladys City Boomtown Museum, Texas Energy Museum, Art Museum of Southeast Texas, and the Edison Museum.
Beaumont exudes a small-town atmosphere with a charming downtown district and a strong sense of community. Residents enjoy a broad range of apartments and houses available for rent along tree-lined avenues in Beaumont. The city is also home to Lamar University, making it a top choice for many students, faculty, and staff.
Beaumont is revered for its excellent recreational opportunities, boasting close proximity to Tyrrell Park, Village Creek State Park, Sea Rim State Park, and McFaddin National Wildlife Refuge, as well as the Neches River.
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 4.21 AC |
| No. Units | 100 | Building Size | 156,988 SF |
| Property Type | Multifamily | Average Occupancy | 90% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1978/2022 |
| Building Class | B | Cross Streets | St Helena St |
| Sale Type | Investment |
| No. Units | 100 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 4.21 AC |
| Building Size | 156,988 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built/Renovated | 1978/2022 |
| Cross Streets | St Helena St |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Disposal
- Granite Countertops
- Refrigerator
- Oven
- Stainless Steel Appliances
SITE AMENITIES
- Clubhouse
- Day Care
- Laundry Facilities
- Planned Social Activities
- Multi Use Room
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | - | 516 |
| 2+1 | 42 | - | 800 |
| 3+1 | 40 | - | 900 |
| 4+1 | 12 | - | 1,056 |
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Verandas of Beaumont | 2020 Cottonwood St
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