Concord Manor Apartments 5680 Concord Rd 68 Unit Apartment Building $3,850,000 ($56,618/Unit) 8.65% Cap Rate Beaumont, TX 77708

INVESTMENT HIGHLIGHTS

  • 100% occupied

EXECUTIVE SUMMARY

Over 500k in Capex ,new office with Bathroom ,Laundry room washer /dryers are owned outright for extra income.       
80% of  A/C units have been replaced with new models ,New vinyl flooring in most of the units, roof is under 6 yrs old complex stays fully rented .Tenants pays their own utilities, 100% long term stable tenants with a waiting list .Value add property- Rents can go higher if wanted. Rubs system can also be implemented for utilities. This gem of a complex wont last long.

PROPERTY FACTS

Price $3,850,000
Price Per Unit $56,618
Sale Type Investment
Cap Rate 8.65%
No. Units 68
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 2.27 AC
Building Size 38,694 SF
Average Occupancy 100%
No. Stories 2
Year Built/Renovated 1976/2022
Parking Ratio 3.49/1,000 SF
Zoning RM-H

AMENITIES

UNIT AMENITIES

  • Cable Ready
  • Heating
  • Ceiling Fans
  • Kitchen
  • High Speed Internet Access
  • Ice Maker
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
  • Walk-In Closets
  • Dining Room
  • Freezer
  • Vinyl Flooring

SITE AMENITIES

  • 24 Hour Access
  • Courtyard
  • Laundry Facilities
  • Property Manager on Site
  • Maintenance on site
  • Public Transportation

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 60 $700.00 444 - 571
2+1 8 $800.00 804

PROPERTY TAXES

  • Listing ID: 35743054

  • Date on Market: 5/5/2025

  • Last Updated:

  • Address: 5680 Concord Rd, Beaumont, TX 77708