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2575 Primrose St
Beaumont, TX 77703
PRIMROSE APARTMENTS · Multifamily Property For Sale
·
12 Units
PROPERTY FACTS
| No. Units | 12 | Lot Size | 0.43 AC |
| Property Type | Multifamily | Building Size | 7,920 SF |
| Property Subtype | Apartment | Average Occupancy | 50% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built | 1962 |
| Zoning | GC-MD - General Commercial Multi Family | ||
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.43 AC |
| Building Size | 7,920 SF |
| Average Occupancy | 50% |
| No. Stories | 2 |
| Year Built | 1962 |
| Zoning | GC-MD - General Commercial Multi Family |
AMENITIES
- Ventilation - Venting
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Heating
- Ceiling Fans
- Kitchen
- Granite Countertops
- Refrigerator
- Oven
- Range
- Tub/Shower
- Walk-In Closets
- Framed Mirrors
- Freezer
- Vinyl Flooring
- Window Coverings
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Courtyard
- Fenced Lot
- Public Transportation
ABOUT 2575 PRIMROSE ST , BEAUMONT, TX 77703
The Primrose Apartments, is a two story, garden-style, brick apartment community located in the North End area of Beaumont, Texas. The asset was built in 1962. Resident amenities include: mini-blinds, kitchen pantries, ceiling fans, patios and balconies. Each unit has an HVAC unit and two have additional window units. There are car ports on one side of the building. The owner reports copper wiring and plumbing. He says the pitched roof appears to have some useful life. Currently there are no reported leasing concessions. The owners are in the process of stabilizing the property. The owner states that a light rehab, i.e., $2K per unit, could increase the rents to $650 to $675 per unit. A full rehab, i.e., $5K per unit. has the potential to increase the rents closer to $750 to $800 per unit. The tenant profile is blue collar. Property is ideal for a smaller buyer. Most likely will require a cash buyer! Sellers are interested in selling. Please make an offer!
