Timber Ridge & Timbers in Jasper Apartments 801 W Gibson St 32 Unit Apartment Building $1,700,000 ($53,125/Unit) Jasper, TX 75951



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 Under Contract
Price | $1,700,000 |
Price Per Unit | $53,125 |
Sale Type | Investment |
No. Units | 32 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Garden |
Building Class | C |
Lot Size | 3.60 AC |
Building Size | 44,361 SF |
Average Occupancy | 97% |
No. Stories | 2 |
Year Built | 1970 |
Parking Ratio | 0.68/1,000 SF |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Dining Room
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector