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Multifamily

Villas Marquis & Wildrose Villas

205 Wild Rose Ln, Brownsville, TX 78520

Listing Price: Request For Offer

Number of Units
83
Occupancy
98.0%
Gross SF
67,810

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing of Villa Marquis and Wild Rose Villas, two assets totaling 83 units in Brownsville, Texas. Brownsville is a rapidly growing secondary market with a current population of over 184,000. The McAllen-Brownsville metro area boasts exceptional multifamily fundamentals. At the end of the fourth quarter 2022, the market experienced 9.2 percent effective rent growth while achieving 95.3 percent occupancy. The individual properties reflect these fundamentals and are highly occupied. A new investor has the unique opportunity to capitalize on Brownsville’s growth and acquire two high-performing, well-maintained assets.

Investment Highlights

  • Two-Property Portfolio Consisting of 83 Units in High-Growth Secondary Market in South Texas
  • Strong Multifamily Market Fundamentals: 9.2% Annual Rent Growth with 95.3% Occupancy (4Q22 RealPage Data)
  • Exceptional Historical Performance: Properties are Highly Occupied and Achieving Significant Rent Increases
  • Current Rents are Well Below the Competitive Set, Providing Immediate Upside

Exclusively Listed By

Multifamily

Villas Marquis & Wildrose Villas

Listing Price: Request For Offer

Number of Units
83
Occupancy
98.0%
Gross SF
67,810

Investment Highlights

  • Two-Property Portfolio Consisting of 83 Units in High-Growth Secondary Market in South Texas
  • Strong Multifamily Market Fundamentals: 9.2% Annual Rent Growth with 95.3% Occupancy (4Q22 RealPage Data)
  • Exceptional Historical Performance: Properties are Highly Occupied and Achieving Significant Rent Increases
  • Current Rents are Well Below the Competitive Set, Providing Immediate Upside

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing of Villa Marquis and Wild Rose Villas, two assets totaling 83 units in Brownsville, Texas. Brownsville is a rapidly growing secondary market with a current population of over 184,000. The McAllen-Brownsville metro area boasts exceptional multifamily fundamentals. At the end of the fourth quarter 2022, the market experienced 9.2 percent effective rent growth while achieving 95.3 percent occupancy. The individual properties reflect these fundamentals and are highly occupied. A new investor has the unique opportunity to capitalize on Brownsville’s growth and acquire two high-performing, well-maintained assets.

Exclusively Listed By

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