6550 Lexington Dr | Beaumont, TX 77706
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This Multifamily Property is no longer advertised on LoopNet.com.
6550 Lexington Dr
Beaumont, TX 77706
Lux Estate · Multifamily Property For Sale
·
185 Units

Investment Highlights
- Well-maintained asset with nearly $2.1M in improvements since 2018.
- 107 remaining classic units can be upgraded to significantly increase revenue at the Property.
- Central location near major thoroughfares and surrounded by retail & employment opportunities.
- Proven value-add potential; 78 upgraded units are achieving approximately $125 rent premiums.
- In-place rents at the Property are below effective rents at comparable properties.
Property Facts
| No. Units | 185 | Building Size | 148,800 SF |
| Property Type | Multifamily | Average Occupancy | 86% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1976/2018 |
| Building Class | C | Parking Ratio | 2.22/1,000 SF |
| Lot Size | 7.48 AC |
| No. Units | 185 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 7.48 AC |
| Building Size | 148,800 SF |
| Average Occupancy | 86% |
| No. Stories | 2 |
| Year Built/Renovated | 1976/2018 |
| Parking Ratio | 2.22/1,000 SF |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Fireplace
- Heating
- Ceiling Fans
- Kitchen
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Dining Room
Site Amenities
- 24 Hour Access
- Clubhouse
- Fitness Center
- Property Manager on Site
- Tenant Controlled HVAC
- Maintenance on site
- Sundeck
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 80 | - | 707 |
| 2+1 | 31 | - | 986 |
| 2+1.5 | 36 | - | 1,150 - 1,153 |
| 2+2 | 34 | - | 1,321 - 1,453 |
| 3+2 | 4 | - | 1,467 |
Listing ID: 30139758
Date on Market: 11/21/2023
Last Updated:
Address: 6550 Lexington Dr, Beaumont, TX 77706
The The Meadows Multifamily Property at 6550 Lexington Dr, Beaumont, TX 77706 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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