1280 Saxe St | Beaumont, TX 77705
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- LoopNet Team
1280 Saxe St
Beaumont, TX 77705
Cardinal Oaks · Multifamily Property For Sale · 152 Units
Investment Highlights
- Well-Maintained Asset with Long-Term Ownership and $1.4 Million in Recent CapEx
- Proven Value-Add Potential with Below Market Rents: 76 Units (50%) Can Be Upgraded
- Robust Multifamily Market with Limited Supply Pressure
- Strong Leasing Momentum and High Current Occupancy Suggest Continued Rent Growth
- Less Than Five Minutes from Lamar University Which Enrolls Over 17,000 and Is a Top Regional Employer
PROPERTY FACTS
| No. Units | 152 | Building Size | 126,620 SF |
| Property Type | Multifamily | Average Occupancy | 76% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1983 |
| Building Class | C | Parking Ratio | 1.9/1,000 SF |
| Lot Size | 8.79 AC |
| No. Units | 152 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 8.79 AC |
| Building Size | 126,620 SF |
| Average Occupancy | 76% |
| No. Stories | 2 |
| Year Built | 1983 |
| Parking Ratio | 1.9/1,000 SF |
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Heating
- Tile Floors
- Kitchen
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Dining Room
- Patio
- Window Coverings
Site Amenities
- Business Center
- Fitness Center
- Playground
- Pool
- Property Manager on Site
- Tennis Court
- Package Service
- Pet Play Area
- Maintenance on site
- Sundeck
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 56 | $787.50 | 635 |
| 2+1 | 88 | $917.50 | 869 |
| 3+2 | 8 | $1,250 | 1,000 |
zoning
| Zoning Code | N/Av |
| N/Av |
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