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309 N Jefferson St
Beeville, TX 78102
Colonial Apartments · Multifamily Property For Sale
·
20 Units
Investment Highlights
- OPPORTUNITY TO ADD ~$120,000 INCOME WITH 15 ADDITIONAL UNITS
Executive Summary
Colonial Apartments is a compelling opportunity to acquire a stabilized, cash-flowing multifamily asset with embedded 75% upside in Beeville, Texas.
The investment is anchored by 20 operational units across 115 and 117 E. Hefferman Street, delivering immediate in-place income. These units are efficiently designed (~440SF each), well-suited to the local workforce rental base, and provide a reliable foundation for consistent occupancy and collections. Each of these units are separately metered for both water and electric.
What differentiates this offering is the additional three Victorian structures included in the sale. They create a clear path for proven income expansion. The current owner has already updated the electrical systems and done foundation repairs. They previously rented out these units but vacated them to start repairs. The rent roll is proven! These buildings offer an investor the ability to Renovate and bring 15 additional units online for an increase of ~$119,000 income.
This property allows a buyer to acquire with stabilized income already in place, while retaining significant upside through phased improvements and lease-up of the ancillary buildings.
The investment is anchored by 20 operational units across 115 and 117 E. Hefferman Street, delivering immediate in-place income. These units are efficiently designed (~440SF each), well-suited to the local workforce rental base, and provide a reliable foundation for consistent occupancy and collections. Each of these units are separately metered for both water and electric.
What differentiates this offering is the additional three Victorian structures included in the sale. They create a clear path for proven income expansion. The current owner has already updated the electrical systems and done foundation repairs. They previously rented out these units but vacated them to start repairs. The rent roll is proven! These buildings offer an investor the ability to Renovate and bring 15 additional units online for an increase of ~$119,000 income.
This property allows a buyer to acquire with stabilized income already in place, while retaining significant upside through phased improvements and lease-up of the ancillary buildings.
Property Facts
| Price Per Unit | $60,000 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 7.02% | Building Size | 10,182 SF |
| No. Units | 20 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1995 |
| Property Subtype | Apartment |
| Price Per Unit | $60,000 |
| Sale Type | Investment |
| Cap Rate | 7.02% |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Building Size | 10,182 SF |
| No. Stories | 1 |
| Year Built | 1995 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- High Speed Internet Access
- Refrigerator
- Range
- Vinyl Flooring
Site Amenities
- 24 Hour Access
- Vintage Building
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 20 | $687.50 | 440 |
Property Taxes
| Parcel Number | 4244 | Improvements Assessment | $697,340 |
| Land Assessment | $1 | Total Assessment | $697,341 |
Property Taxes
Parcel Number
4244
Land Assessment
$1
Improvements Assessment
$697,340
Total Assessment
$697,341
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