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Reagan Road Apartments 303-511 E Reagan Rd 28 Unit Apartment Building $2,380,000 ($85,000/Unit) 5.16% Cap Rate Beeville, TX 78102
EXECUTIVE SUMMARY
Lifestyles Realty is pleased to present this multifamily asset consisting of 28 units spread across six well-maintained buildings, offering a total of 20,324 square feet of net rentable area (NRA). Situated on 1.643 acres, the property provides ample space for residents with a low-density layout. Originally constructed in 1975, the buildings have retained their structural integrity and classic charm. The unit mix and site layout are ideal for long-term tenants seeking a community setting. This asset presents a solid investment opportunity in the stable multifamily sector. “Current” NOI is 2024 Income; ProForma NOI is based on T6 P&L.
DATA ROOM Click Here to Access
- Operating and Financials
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $2,380,000 | Building Class | C |
| Price Per Unit | $85,000 | Lot Size | 1.64 AC |
| Sale Type | Investment | Building Size | 20,140 SF |
| Cap Rate | 5.16% | Average Occupancy | 96% |
| No. Units | 28 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1976 |
| Property Subtype | Apartment | Parking Ratio | 2.23/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | Multi-Family | ||
| Price | $2,380,000 |
| Price Per Unit | $85,000 |
| Sale Type | Investment |
| Cap Rate | 5.16% |
| No. Units | 28 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.64 AC |
| Building Size | 20,140 SF |
| Average Occupancy | 96% |
| No. Stories | 2 |
| Year Built | 1976 |
| Parking Ratio | 2.23/1,000 SF |
| Zoning | Multi-Family |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Microwave
- Washer/Dryer Hookup
- Heating
- Refrigerator
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Recycling
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | $787.00 | 468 |
| 2+1 | 16 | $894.00 | 790 |
| 3+1.5 | 4 | $1,094 | 1,040 |
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $936,520 | |
| Land Assessment | $55,590 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $880,930 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$55,590
Improvements Assessment
$880,930
Total Assessment
$936,520
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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Reagan Road Apartments | 303-511 E Reagan Rd
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