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Concord Place Apartments 5520-5530 Concord Rd 24 Unit Apartment Building $1,895,000 ($78,958/Unit) 12% Cap Rate Beaumont, TX 77708
Investment Highlights
- Easy Access Area
- Stabilized Income with Value Add Potential
- Seperately Metered
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,895,000 | Building Class | C |
| Price Per Unit | $78,958 | Lot Size | 1.56 AC |
| Sale Type | Investment | Building Size | 22,848 SF |
| Cap Rate | 12% | Average Occupancy | 100% |
| No. Units | 24 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1988/2026 |
| Property Subtype | Apartment | Parking Ratio | 2.1/1,000 SF |
| Apartment Style | Low-Rise | Cross Streets | Treadway Rd |
| Zoning | RM-H - Residential Multi Family | ||
| Price | $1,895,000 |
| Price Per Unit | $78,958 |
| Sale Type | Investment |
| Cap Rate | 12% |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.56 AC |
| Building Size | 22,848 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1988/2026 |
| Parking Ratio | 2.1/1,000 SF |
| Cross Streets | Treadway Rd |
| Zoning | RM-H - Residential Multi Family |
Amenities
Unit Amenities
- Balcony
- Dishwasher
- Disposal
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Wheelchair Accessible
- Smoke Free
- Online Services
- Public Transportation
- Fiber Optic Internet
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 24 | $995.00 | 961 |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 014075-000-000100-00000 | Total Assessment | $1,312,460 |
| Land Assessment | $23,522 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,288,938 | Tax Year | 2025 |
Property Taxes
Parcel Number
014075-000-000100-00000
Land Assessment
$23,522
Improvements Assessment
$1,288,938
Total Assessment
$1,312,460
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Concord Place Apartments | 5520-5530 Concord Rd
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