Renovated Units 100% Leased Below Market 2 Multifamily Properties Online Auction Sale Beaumont, TX

This exciting offer allows multifamily investors to acquire a turnkey community with existing income and a well-formed growth route, and an excellent location in the South Park neighborhood of Beaumont, Texas at 893 & 905 Campus Street, the Campus Street Apartments.

The Campus Street Apartments spans 11,040 square feet across two buildings, with a total of 20 units built in 1968. Delivered 100% occupied at below market rents, there is a significant upside to engaging a more aggressive management strategy and bringing rents in line with the growing submarket average. The Central/South Beaumont multifamily submarket has shown rents climb 1.2% year-over-year to sit at approximately $766 per month. The units have received interior upgrades in the form of anti-scratch plank flooring, updated bathroom fixtures, updated kitchens with modern cabinetry, laundry hookups, and infrastructure allowing for high-speed internet. Residents enjoy on-site maintenance and ample surface parking on the community’s landscaped, combined 0.67-acre lot.

Placed just southeast of Downtown Beaumont in the South Park neighborhood, the Campus Street Apartments attract residents with convenient access to major highways, large local job centers, and terrific shopping, dining, and recreational amenities. Within a 10-minute drive, commuters can easily reach several of the city’s largest employers, including Lamar University, Exxon Mobile’s Refinery, and Baptist Hospitals of Southeast Texas. Lamar University is one of the fastest-growing educational institutions in the state, with enrollment increasing 12% in 2024 to over 17,800, presenting a large population of potential tenants. Within a short drive, community residents can enjoy household-name shopping and dining brands, including H-E-B, Sam’s Club, Chick-fil-A, Starbucks, McDonald’s, Subway, Jimmy John’s, and Planet Fitness. The area is also home to numerous beautiful outdoor destinations along the banks of the Neches River, as well as several lush golf courses, including the Henry Homberg Golf Course and the Brentwood Country Club of Texas. Reaching the properties is a breeze, thanks to nearby connections for Highway 96 and Interstate 10 within a 10-minute drive.

A new owner’s leasing efforts at the Campus Street Apartments are empowered by Beaumont’s growing demographic profile within 5 miles of the communities. The population of more than 55,000 is steadily increasing, and with 49% of these residents currently renting their homes, there is significant demand for well-located and well-managed apartment units like the subject properties. Mounting demand driven by a growing population has resulted in elevated consumer spending in the region, which surpassed $447 million in 2024.

With going-in cash flow and a lucrative value-add component, the adjacent multifamily communities at the Campus Street Apartments provide savvy multifamily investors with an ideal acquisition in a growing Texas market.