6550 Lexington Dr | Beaumont, TX 77706
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- LoopNet Team
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 |
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