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303-511 E Reagan Rd
Beeville, TX 78102
Reagan Road Apartments · Multifamily Property For Sale
·
28 Units
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.
PROPERTY FACTS
| Price Per Unit | $85,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.64 AC |
| Cap Rate | 5.16% | 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 | 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 | Improvements Assessment | $880,930 | |
| Land Assessment | $55,590 | Total Assessment | $936,520 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$55,590
Improvements Assessment
$880,930
Total Assessment
$936,520
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