Multifamily
Palm Village
1901 Palm Village Blvd, Bay City, TX 77414
Listing Price: Request For Offer
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing of Palm Village, a 333-unit community built between 1978 and 1980 in Bay City, Texas. The property has undergone significant operational improvement, increasing occupancy to approximately 63% with meaningful upside remaining as nearby assets operate in the 90% range. New ownership can unlock additional revenue through washer/dryer fees, covered parking and storage monetization, and creative seller financing designed to ease the stabilization process. With proximity to major employers including the South Texas Project, Tenaris, and Matagorda Regional Medical Center—and located just one hour from Houston and minutes from Gulf Coast recreation—Palm Village offers substantial value-add potential supported by strong regional fundamentals. Contact John McGregor at (972) 755-5194 for more information.
Listing Price: Request For Offer
Investment Highlights
- Re-stabilization to 90%+ occupancy provides significant revenue upside
- W/D, covered parking, and storage programs generate immediate ancillary income
- Near STP, Tenaris, MRMC, and petrochemical employers driving year-round rental demand
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing of Palm Village, a 333-unit community built between 1978 and 1980 in Bay City, Texas. The property has undergone significant operational improvement, increasing occupancy to approximately 63% with meaningful upside remaining as nearby assets operate in the 90% range. New ownership can unlock additional revenue through washer/dryer fees, covered parking and storage monetization, and creative seller financing designed to ease the stabilization process. With proximity to major employers including the South Texas Project, Tenaris, and Matagorda Regional Medical Center—and located just one hour from Houston and minutes from Gulf Coast recreation—Palm Village offers substantial value-add potential supported by strong regional fundamentals. Contact John McGregor at (972) 755-5194 for more information.
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