4365 S 4th St | Beaumont, TX 77705
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- LoopNet Team
4365 S 4th St
Beaumont, TX 77705
El Camino Homes | Value-Add MF | Houston MSA · Multifamily Property For Sale
·
97 Units
INVESTMENT HIGHLIGHTS
- One-story apartment community centrally located near downtown Beaumont, Texas. Limited competition within a 3-mile radius.
- Four 2-bedroom units were converted to two 4-bedroom units. These could be converted back, providing 2 additional units for rent.
- Rents appear to be ~$100/month below renovated comps in the area. Also, the site includes ~2 acres of undeveloped land, ideal for future development.
- Rare unit mix of nearly all 2-bedroom floor plans - ideal for small families. 75/97 units have been renovated and are currently 98% occupied.
- Additionally, the leasing office could be converted into a 1-bedroom unit, collectively increasing the potential total unit count to 100 units.
PROPERTY FACTS
| No. Units | 97 | Lot Size | 11.41 AC |
| Property Type | Multifamily | Building Size | 77,730 SF |
| Property Subtype | Apartment | Average Occupancy | 85% |
| Apartment Style | Garden | No. Stories | 1 |
| Building Class | C | Year Built/Renovated | 1953/2024 |
| No. Units | 97 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 11.41 AC |
| Building Size | 77,730 SF |
| Average Occupancy | 85% |
| No. Stories | 1 |
| Year Built/Renovated | 1953/2024 |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Tub/Shower
SITE AMENITIES
- Fenced Lot
PROPERTY TAXES
| Parcel Number | 300007-000-036300-00000 | Improvements Assessment | $4,221,332 |
| Land Assessment | $154,076 | Total Assessment | $4,375,408 |
PROPERTY TAXES
Parcel Number
300007-000-036300-00000
Land Assessment
$154,076
Improvements Assessment
$4,221,332
Total Assessment
$4,375,408
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