2100 Wise St | Bridge City, TX 77611
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2100 Wise St
Bridge City, TX 77611
Gladefield Garden Apartments · Multifamily Property For Sale
·
40 Units
INVESTMENT HIGHLIGHTS
- - New ownership, based upon area rent comps, can raise rents up to $114 / unit
- - There is additional opportunity to increase rents by adding washer/dryer hookups in all units
- - Bridge City is located 25 miles east of Beaumont
- - Current ownership has renovated 38 units, 2 of which were converted into premium units with granite countertops
- - Bridge City Independent School District ranks in nearly the top 20% of school districts in Texas
- - The Beaumont multifamily market is experiencing a 9.1% historical vacancy rate
PROPERTY FACTS
| No. Units | 40 | Lot Size | 3.12 AC |
| Property Type | Multifamily | Building Size | 38,000 SF |
| Property Subtype | Apartment | Average Occupancy | 90% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built | 1978 |
| Zoning | Commercial | ||
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 3.12 AC |
| Building Size | 38,000 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built | 1978 |
| Zoning | Commercial |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Range
SITE AMENITIES
- Laundry Facilities
- Maintenance on site
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1.5 | 40 | $866.00 | 950 |
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