Multifamily
French Quarter Apartments
100 Briarcove, Jacksonville, TX 75766
Listing Price: Request For Offer
Investment Overview
Marcus and Millichap is pleased to present the exclusive listing of French Quarter, a 131-unit, first generation value-add community in Jacksonville, Texas. Built in multiple phases between the late 1970’s and early 1980’s, this well-located asset provides significant value-add opportunity through implementing stainless-steel appliances, vinyl-wood flooring, and updated cabinetry and hardware. French Quarter is located off Highway 79N, providing residents easy access to the area’s largest employers including Bealls Distribution Center, Cardinal Health, Jackson ISD, and the Norman Industrial
Park, which is home to UT Health Jacksonville, Builder’s Best, Modine, JH Lighting, and Blue Goose Customs Fabrication.
French Quarter Apartments
Investment Highlights
- Only one of three market rate properties in town. Pebblebrook Apartments is a new construction that is leasing well at rates nearly double French Quarter.
- Potential for value add. A unit renovation program can yield considerable increased cash flow with cover for increased rents provided by Pebblebrook.
- Very well maintained asset. All major deferred maintenance has been completed including removal of Federal Pacific breakers and roof replacement.
Listing Price: Request For Offer
Investment Highlights
- Only one of three market rate properties in town. Pebblebrook Apartments is a new construction that is leasing well at rates nearly double French Quarter.
- Potential for value add. A unit renovation program can yield considerable increased cash flow with cover for increased rents provided by Pebblebrook.
- Very well maintained asset. All major deferred maintenance has been completed including removal of Federal Pacific breakers and roof replacement.
Investment Overview
Marcus and Millichap is pleased to present the exclusive listing of French Quarter, a 131-unit, first generation value-add community in Jacksonville, Texas. Built in multiple phases between the late 1970’s and early 1980’s, this well-located asset provides significant value-add opportunity through implementing stainless-steel appliances, vinyl-wood flooring, and updated cabinetry and hardware. French Quarter is located off Highway 79N, providing residents easy access to the area’s largest employers including Bealls Distribution Center, Cardinal Health, Jackson ISD, and the Norman Industrial Park, which is home to UT Health Jacksonville, Builder’s Best, Modine, JH Lighting, and Blue Goose Customs Fabrication.
