Multi-Family 2 Multifamily Properties Offered at $2,700,000 in Multiple Locations

EXECUTIVE SUMMARY

Fantastic Investment property to round out your portfolio! 2 Apartment Complexes both with prime commercial locations boasting 56 doors total. Timber Ridge Apartments of Kirbyville totals in at 24 doors and is comprised of 6 buildings. Apartment range includes: 8-1 Bed/1 Bath, 16-2 Bed/1 baths that are housed in 5 of the buildings with the 6th building featuring a laundry mat, a central mail area for the complex and a private office space with half bath. Located just off of Hwy 96 in the heart of Kirbyville, this complex offers a private yet accessible location for tenants and maintenance individuals. Timbers Apartments, located in Jasper, TX approx 20 mins from the Timber Ridge Kirbyville location, is made up of a 32 door property featuring 4 buildings comprised of 3, two story apartment buildings and a single story laundry mat. The apartments vary in size and include 4 efficiency apartments, 12- 1 Bed/ 1 Bath apartments and 16- 2 Bed/2 Bath apartments. This property offers direct access to State Hwy 190 in Jasper and is within walking distance of multiple resources. Financials are available upon request for both properties.

PROPERTY FACTS

Price $2,700,000
Price / SF $40.69 / SF
Cap Rate 9.72%
Sale Type Investment
Status Under Contract
Number of Properties 2
Individually For Sale 0
Total Building Size 66,361 SF
Total Land Area 5.45 AC

PROPERTIES

PROPERTY NAME / ADDRESS PROPERTY TYPE SIZE YEAR BUILT INDIVIDUAL PRICE
Timber Ridge Apartments
1410 S Elizabeth Ave, Kirbyville, TX 75956
Multifamily 22,000 SF 1970 -
Timber Ridge & Timbers in Jasper Apartments
801 W Gibson St, Jasper, TX 75951
Multifamily 44,361 SF 1970 -
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  • Listing ID: 34615239

  • Date on Market: 1/27/2025

  • Last Updated:

  • Address: Multi-Family, Kirbyville, TX