Mayfair Apartments | 2200 Avenue L
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Mayfair Apartments 2200 Avenue L
41 Unit Apartment Building For Sale Bay City, TX 77414
Investment Highlights
- "Main and Main" Location
- Attractive Basis & Going-In Yield
- Robust Area Employment Drivers
- Outstanding Property Operations
- Well-Maintained Asset
Executive Summary
Newmark has been exclusively retained to represent the Seller in the disposition of Mayfair. All inquiries about the Offering or the Property should be directed to Newmark. Property is being offered on an “All Cash” basis to qualified purchasers. Prospective purchasers will have the opportunity to visit the Property through scheduled tours with Newmark. Please do not contact the on-site management directly.
Data Room Click Here to Access
Financial Summary (Actual - 2022) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2022) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts Under Contract
| Sale Type | Investment | Lot Size | 1.03 AC |
| No. Units | 41 | Building Size | 33,788 SF |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1965 |
| Apartment Style | Low Rise | Parking Ratio | 1.98/1,000 SF |
| Building Class | C |
| Sale Type | Investment |
| No. Units | 41 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 1.03 AC |
| Building Size | 33,788 SF |
| No. Stories | 1 |
| Year Built | 1965 |
| Parking Ratio | 1.98/1,000 SF |
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Carpet
- Pantry
- Patio
- Smoke Free
- Vinyl Flooring
Site Amenities
- 24 Hour Access
- Courtyard
- Laundry Facilities
- Property Manager on Site
- Planned Social Activities
- Smoke Free
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 15 | - | 470 |
| 2+1.5 | 25 | - | 825 - 875 |
| 3+2 | 1 | - | 1,500 |
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PROPERTY TAXES
| Parcel Number | 25652 | Total Assessment | $1,883,373 (2024) |
| Land Assessment | $84,000 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,799,373 (2024) | Tax Year | 2022 |
PROPERTY TAXES
Parcel Number
25652
Land Assessment
$84,000 (2024)
Improvements Assessment
$1,799,373 (2024)
Total Assessment
$1,883,373 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2022
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Mayfair Apartments | 2200 Avenue L
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