Skip to main content

Multifamily

West End Beaumont Portfolio

7050 TX-105, Beaumont, TX 77708

Listing Price: $9,400,000

Cap Rate
5.37%
Number of Units
52
Occupancy
96.5%
Price/Unit
$180,769

Investment Overview

Marcus and Millichap is pleased to announce the exclusive listing of the West End Beaumont Portfolio which consists of Seventy50 West End Apartments, a 52-unit community, and Jefferson House Apartments, a 42-unit community. The two communities are located in Beaumont, Texas which is approximately 90 miles east of Houston. The West End Beaumont Portfolio presents a new investor with the opportunity to acquire two turnkey assets and, because the properties are approximately three miles apart, create economies of scale and expense reduction. Seventy50 West End Apartments was constructed in 1998 on just over three acres. The community offers residents a desirable unit mix with an efficiency, two, and three-bedroom units including townhouses. The units average a spacious 1,042 square feet and offers residents amenities in select units such as two-car garages, fireplaces, full-size washer and dryers connections in every unit, private backyards/patios/balconies, vaulted ceilings, faux-hardwood flooring, ceramic tile in the wet areas, black appliance packages, brushed-nickel hardware, six-panel interior doors, spacious walk-in closets with built-in shelving, real wood cabinetry, and individual electric hot water heaters. New roofs were installed on all buildings at the community in July 2018. Jefferson House Apartments was constructed in 1968 on just under one and one-half acres. The community offers residents a great mix of one, two, and three-bedroom units that average 826 square feet. Residents can enjoy amenities at Jefferson House in select units that include granite or ceramic tile countertops, real wood cabinetry, ceramic tile and/or faux-wood flooring, two-inch faux-wood blinds, six-panel interior doors, and individual electric hot water heaters. Offered on an all cash basis, the West End Beaumont Portfolio presents an investor with an opportunity to acquire two turkey assets in the highly desirable west end of Beaumont. The portfolio also presents a new investor with upside through increasing market rents, additional revenue streams, and the efficiencies through economies of scale.

Investment Highlights

  • Washer / Dryer Connections in Every Unit at Seventy50 West End
  • Opportunity to Upgrade Unit Interiors
  • Opportunity to Increase Reserved Parking Revenue
  • Excellent Location Between Houston and Lake Charles Markets
  • Located in One of the Nation's Largest Petrochemical Refining Areas & Nation's Fifth Largest Port

Exclusively Listed By

Financing By

Multifamily

West End Beaumont Portfolio

Listing Price: $9,400,000

Cap Rate
5.37%
Number of Units
52
Occupancy
96.5%
Price/Unit
$180,769

Investment Highlights

  • Washer / Dryer Connections in Every Unit at Seventy50 West End
  • Opportunity to Upgrade Unit Interiors
  • Opportunity to Increase Reserved Parking Revenue
  • Excellent Location Between Houston and Lake Charles Markets
  • Located in One of the Nation's Largest Petrochemical Refining Areas & Nation's Fifth Largest Port

Investment Overview

Marcus and Millichap is pleased to announce the exclusive listing of the West End Beaumont Portfolio which consists of Seventy50 West End Apartments, a 52-unit community, and Jefferson House Apartments, a 42-unit community. The two communities are located in Beaumont, Texas which is approximately 90 miles east of Houston. The West End Beaumont Portfolio presents a new investor with the opportunity to acquire two turnkey assets and, because the properties are approximately three miles apart, create economies of scale and expense reduction. Seventy50 West End Apartments was constructed in 1998 on just over three acres. The community offers residents a desirable unit mix with an efficiency, two, and three-bedroom units including townhouses. The units average a spacious 1,042 square feet and offers residents amenities in select units such as two-car garages, fireplaces, full-size washer and dryers connections in every unit, private backyards/patios/balconies, vaulted ceilings, faux-hardwood flooring, ceramic tile in the wet areas, black appliance packages, brushed-nickel hardware, six-panel interior doors, spacious walk-in closets with built-in shelving, real wood cabinetry, and individual electric hot water heaters. New roofs were installed on all buildings at the community in July 2018. Jefferson House Apartments was constructed in 1968 on just under one and one-half acres. The community offers residents a great mix of one, two, and three-bedroom units that average 826 square feet. Residents can enjoy amenities at Jefferson House in select units that include granite or ceramic tile countertops, real wood cabinetry, ceramic tile and/or faux-wood flooring, two-inch faux-wood blinds, six-panel interior doors, and individual electric hot water heaters. Offered on an all cash basis, the West End Beaumont Portfolio presents an investor with an opportunity to acquire two turkey assets in the highly desirable west end of Beaumont. The portfolio also presents a new investor with upside through increasing market rents, additional revenue streams, and the efficiencies through economies of scale.

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower