5680 Concord Rd - Apartments FOR SALE


Beaumont, TX 77708
$3,625,000 USD
832-646-0222
5680 Concord Rd, Beaumont, TX for Sale
$3,625,000 USD
Apartments - FOR SALE
1/12
null | Request Cap Rate

5680 Concord Rd
Beaumont, TX 77708


HIGHLIGHTS

  • Remodeled fully occupied complex 500k CapEx added .New ac units roof under 5 yrs old new office upgraded laundry room

OVERVIEW

Price dropped !! Remodeled complex over 500k in Capex ,new office with bathroom ,Laundry washer /dryers are owned outright for extra income. 80% of A/C units have been replaced with newer models ,New vinyl flooring in most of the units, roof is under 6 yrs old complex stays fully rented. Foundation is an excellent condition .Tenants pays their own utilities, Avg occupancy 95% with long term stable tenants .Value add property- Rents can go higher if wanted. Rubs system can also be implemented for utilities. This gem of a complex wont last long.

FOR SALE DETAILS

PRICE

$3,625,000 USD

PRICE/SF

$94 USD /SF

# OF UNITS

68

PRICE/UNIT

$53,309

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Concord Manor Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1976

PARKING SPACES

135

LAND DETAILS

LAND ACRES

2.27 AC

LAND SF

98,881 SF

ZONING

RM-H

APN/PARCEL ID

264423-000-002800-00000-6

ASK ABOUT THIS PROPERTY

Fabian CastaConcord Manor ApartmentsMore Info
832-646-0222

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Fabian CastaConcord Manor ApartmentsMore Info
832-646-0222

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.