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5230 S Martin Luther King Pky
Beaumont, TX 77705
The Edge · Multifamily Property For Sale
·
96 Units
PROPERTY FACTS
| No. Units | 96 | Building Size | 151,562 SF |
| Property Type | Multifamily | Average Occupancy | 95% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Garden | Year Built/Renovated | 2006/2018 |
| Building Class | C | Parking Ratio | 3.33/1,000 SF |
| Lot Size | 5.96 AC | ||
| Zoning | R | ||
| No. Units | 96 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 5.96 AC |
| Building Size | 151,562 SF |
| Average Occupancy | 95% |
| No. Stories | 3 |
| Year Built/Renovated | 2006/2018 |
| Parking Ratio | 3.33/1,000 SF |
| Zoning | R |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Storage Space
- Washer/Dryer
- Ceiling Fans
- Double Vanities
- High Speed Internet Access
- Ice Maker
- Refrigerator
- Range
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- Business Center
- Clubhouse
- Fitness Center
- Pool
- Property Manager on Site
- Gated
- Tanning Salon
- Gameroom
- Volleyball Court
- Roommate Matching
ABOUT 5230 S MARTIN LUTHER KING PKY , BEAUMONT, TX 77705
5230 MLK Jr Pkwy is improved with a 96-unit apartment complex (The Edge), consisting of four-bedroom units, contained in 5 three-story residential apartment buildings. Each unit contains four bedrooms, one shared (Jack and Jill) bathroom for each two bedrooms, a kitchen, and a living/dining area. Each bedroom has an individual lock which facilitates the ability to rent each bedroom individually. Each of the 96 units is reported to be 1,224 square feet of net rentable area, with each bedroom containing 100 square feet. The one-story common area building contains the leasing office, exercise facility, billiards room, business center, tanning bed, and managers office. The subject is a community intended for off-campus college student living with each bedroom individually rented. The site is located approximately one mile south of Lamar University, with undergraduate enrollment at approximately 10,000 students.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 4+2 | 96 | - | 306 - 1,224 |
PROPERTY TAXES
| Parcel Number | 235222-000-000300-00000 | Improvements Assessment | $11,618,596 |
| Land Assessment | $236,252 | Total Assessment | $11,854,848 |
PROPERTY TAXES
