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303-511 E Reagan Rd
Beeville, TX 78102
Reagan Road Apartments · Multifamily Property For Sale
·
28 Units
Investment Highlights
- 93% Occupancy; Stable Operation Offered at 8% CAP
Executive Summary
Lifestyles Realty is pleased to present this multifamily asset consisting of 28 units 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. Income is 2025 Jan to Dec. Download 2025 Financials and 2026 Rent Roll. Don't pass this opportunity to purchase 8% CAP rate.
Property Facts
| Price Per Unit | $85,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.64 AC |
| Cap Rate | 8.02% | Building Size | 20,140 SF |
| No. Units | 28 | Average Occupancy | 96% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1976 |
| Apartment Style | Garden | Parking Ratio | 2.23/1,000 SF |
| Zoning | Multi-Family | ||
| Price Per Unit | $85,000 |
| Sale Type | Investment |
| Cap Rate | 8.02% |
| 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 | $795.00 | 468 |
| 2+1 | 16 | $907.00 | 790 |
| 3+1.5 | 4 | $1,106 | 1,040 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,435,960 | |
| Land Assessment | $111,730 | Total Assessment | $1,547,690 |
Property Taxes
Parcel Numbers
Land Assessment
$111,730
Improvements Assessment
$1,435,960
Total Assessment
$1,547,690
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