Lantana Apartments | 4408 Hiram Brandon Dr
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Lantana Apartments 4408 Hiram Brandon Dr
48 Unit Apartment Building For Sale Bay City, TX 77414
Investment Highlights
- Major Capital Improvements to the Apartment (2022 & 2023) - ALL Exterior & 45 Interiors
- Safe (next door to Elementary School), Quiet, Small Complex with UPSIDE in Rents & Fees!!
- All vinyl Floors - NO Carpet!
- Stabilized & One of the NICEST apartments in Bay City (granite countertops!)
- All Electric Kitchens / All Units Indiv. Metered for Electricity!
Executive Summary
Great Investment Opportunity - 48 Unit Multifamily Property in Bay City, TX
• Quiet Location, next door to an Elementary School
• 96% occupied (46/48)
• Exterior Fully Renovated + Interior 45 of 48 units Fully Renovated
• Zone X, not flood zone!!
• Upside: Raising Rents!!
• Upside: Increasing Fees: water fees, late fees, parking fees, pet fees & negotiate laundry lease
A Must See! Ask Broker for OM & Financials! Email jford@southernra.com
• Quiet Location, next door to an Elementary School
• 96% occupied (46/48)
• Exterior Fully Renovated + Interior 45 of 48 units Fully Renovated
• Zone X, not flood zone!!
• Upside: Raising Rents!!
• Upside: Increasing Fees: water fees, late fees, parking fees, pet fees & negotiate laundry lease
A Must See! Ask Broker for OM & Financials! Email jford@southernra.com
Property Facts
| Sale Type | Investment | Lot Size | 3.00 AC |
| No. Units | 48 | Building Size | 50,522 SF |
| Property Type | Multifamily | Average Occupancy | 96% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1977/2023 |
| Building Class | C | Parking Ratio | 1.39/1,000 SF |
| Sale Type | Investment |
| No. Units | 48 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 3.00 AC |
| Building Size | 50,522 SF |
| Average Occupancy | 96% |
| No. Stories | 2 |
| Year Built/Renovated | 1977/2023 |
| Parking Ratio | 1.39/1,000 SF |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Dishwasher
- Eat-in Kitchen
- Kitchen
- Granite Countertops
- Refrigerator
- Range
- Tub/Shower
- Views
- Walk-In Closets
- Den
- Pantry
- Vinyl Flooring
Site Amenities
- Courtyard
- Laundry Facilities
- Playground
- Pool
- Property Manager on Site
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 14 | - | 660 |
| 2+1.5 | 24 | - | 853 |
| 3+2 | 10 | - | 1,027 |
PROPERTY TAXES
| Parcel Number | 12296 | Improvements Assessment | $1,919,000 |
| Land Assessment | $81,000 | Total Assessment | $2,000,000 |
PROPERTY TAXES
Parcel Number
12296
Land Assessment
$81,000
Improvements Assessment
$1,919,000
Total Assessment
$2,000,000
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Lantana Apartments | 4408 Hiram Brandon Dr
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