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Multifamily

Sweetgum Apartments

2655 Sweetgum Ln, Beaumont, TX 77703

Listing Price: Request For Offer

Number of Units
20
Occupancy
100.0%

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing of Sweetgum Apartments, a 20-unit apartment community located in Beaumont, Texas which is approximately 90 miles east of Houston. The community was constructed in 1962 on nearly three-quarters of one acre and includes all two-bedroom units with one and one-half baths that are a spacious 900 square feet.

Investment Highlights

  • Market Rents Approximately 17% Below Nearly Comparable Properties
  • Potential To Increase Rents $130 by Implementing a Unit Enhancement Program
  • Opportunity to Implement RUBS Program
  • New Mansard Roof Shingles Installed July 2021 / Flat Roof System Replaced in 2015
  • Excellent Location with Access to Major Thoroughfares & Employment Centers

Exclusively Listed By

Financing By

Listing Price: Request For Offer

Number of Units
20
Occupancy
100.0%

Investment Highlights

  • Market Rents Approximately 17% Below Nearly Comparable Properties
  • Potential To Increase Rents $130 by Implementing a Unit Enhancement Program
  • Opportunity to Implement RUBS Program
  • New Mansard Roof Shingles Installed July 2021 / Flat Roof System Replaced in 2015
  • Excellent Location with Access to Major Thoroughfares & Employment Centers

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing of Sweetgum Apartments, a 20-unit apartment community located in Beaumont, Texas which is approximately 90 miles east of Houston. The community was constructed in 1962 on nearly three-quarters of one acre and includes all two-bedroom units with one and one-half baths that are a spacious 900 square feet.

Exclusively Listed By

Financing By

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