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Multifamily

The Junction

516 S 9th St, Kenedy, TX 78119

Listing Price: $1,150,000

Cap Rate
4.00%
Number of Units
24
GRM
5.75
Occupancy
87.5%
Price/Unit
$47,917
Price/Gross SF
$46.00
Gross SF
25,000

Investment Overview

Marcus & Millichap Texas is pleased to present the exclusive listing of The Junction, a stabilized asset in Kenedy, Texas. The property consists of 24 units and was developed in 2014, offering modern construction with minimal deferred maintenance. The Junction features 100% two-bedroom, two-bathroom units, providing a consistent and simplified rental structure.
The property benefits from Kenedy's position at the heart of the Eagle Ford Shale region, one of America's most productive oil drilling areas, producing approximately 1.1 million barrels of crude daily and accounting for 9% of US oil production. Optimally located at 516 S 9th St in Kenedy, residents benefit from proximity to major employers in the oil and gas industry, and the property's stable occupancy and lack of nearby supply demonstrates consistent demand in this market.

Investment Highlights

  • LOCATION: Strategically positioned in the heart of the Eagle Ford Shale region, one of America's most productive oil drilling areas.
  • CONDITION: Well-maintained asset with minimal deferred maintenance, featuring modern construction with contemporary design.
  • UNIT MIX: 100% two-bedroom, two-bathroom units, providing consistent rental income and simplified management.

Exclusively Listed By

Multifamily

The Junction

Listing Price: $1,150,000

Cap Rate
4.00%
Number of Units
24
GRM
5.75
Occupancy
87.5%
Price/Unit
$47,917
Price/Gross SF
$46.00
Gross SF
25,000

Investment Highlights

  • LOCATION: Strategically positioned in the heart of the Eagle Ford Shale region, one of America's most productive oil drilling areas.
  • CONDITION: Well-maintained asset with minimal deferred maintenance, featuring modern construction with contemporary design.
  • UNIT MIX: 100% two-bedroom, two-bathroom units, providing consistent rental income and simplified management.

Investment Overview

Marcus & Millichap Texas is pleased to present the exclusive listing of The Junction, a stabilized asset in Kenedy, Texas. The property consists of 24 units and was developed in 2014, offering modern construction with minimal deferred maintenance. The Junction features 100% two-bedroom, two-bathroom units, providing a consistent and simplified rental structure. The property benefits from Kenedy's position at the heart of the Eagle Ford Shale region, one of America's most productive oil drilling areas, producing approximately 1.1 million barrels of crude daily and accounting for 9% of US oil production. Optimally located at 516 S 9th St in Kenedy, residents benefit from proximity to major employers in the oil and gas industry, and the property's stable occupancy and lack of nearby supply demonstrates consistent demand in this market.

Exclusively Listed By

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