Concord Manor Apartments | 5680 Concord Rd
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Concord Manor Apartments 5680 Concord Rd
68 Unit Apartment Building $3,625,000 ($53,309/Unit) Beaumont, TX 77708
Investment Highlights
- Remodeled fully occupied complex 500k CapEx added .New ac units roof under 5 yrs old new office upgraded laundry room
Executive Summary
Price dropped !! Remodeled complex over 500k in Capex ,new office with bathroom ,Laundry washer /dryers are owned outright for extra income.
80% of A/C units have been replaced with newer models ,New vinyl flooring in most of the units, roof is under 6 yrs old complex stays fully rented. Foundation is an excellent condition .Tenants pays their own utilities, Avg occupancy 95% with long term stable tenants .Value add property- Rents can go higher if wanted. Rubs system can also be implemented for utilities. This gem of a complex wont last long.
80% of A/C units have been replaced with newer models ,New vinyl flooring in most of the units, roof is under 6 yrs old complex stays fully rented. Foundation is an excellent condition .Tenants pays their own utilities, Avg occupancy 95% with long term stable tenants .Value add property- Rents can go higher if wanted. Rubs system can also be implemented for utilities. This gem of a complex wont last long.
Data Room Click Here to Access
Property Facts
| Price | $3,625,000 | Building Class | C |
| Price Per Unit | $53,309 | Lot Size | 2.27 AC |
| Sale Type | Investment | Building Size | 38,694 SF |
| No. Units | 68 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1976 |
| Apartment Style | Garden | Parking Ratio | 3.49/1,000 SF |
| Price | $3,625,000 |
| Price Per Unit | $53,309 |
| Sale Type | Investment |
| No. Units | 68 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.27 AC |
| Building Size | 38,694 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1976 |
| Parking Ratio | 3.49/1,000 SF |
Unit Amenities
- Cable Ready
- Heating
- Ceiling Fans
- Kitchen
- High Speed Internet Access
- Ice Maker
- Refrigerator
- Oven
- Range
- Tub/Shower
- Walk-In Closets
- Dining Room
- Freezer
- Vinyl Flooring
Site Amenities
- 24 Hour Access
- Courtyard
- Laundry Facilities
- Property Manager on Site
- Maintenance on site
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 60 | $750.00 | 571 |
| 2+1 | 8 | $900.00 | 804 |
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PROPERTY TAXES
| Parcel Number | 264423-000-002800-00000 | Improvements Assessment | $3,198,590 |
| Land Assessment | $31,432 | Total Assessment | $3,230,022 |
PROPERTY TAXES
Parcel Number
264423-000-002800-00000
Land Assessment
$31,432
Improvements Assessment
$3,198,590
Total Assessment
$3,230,022
zoning
| Zoning Code | RM-H |
| RM-H |
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Concord Manor Apartments
Concord Manor Apartments | 5680 Concord Rd
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