1400 N SAINT MARYS STREET, BEEVILLE, TX 78102
Homes for sale in Beeville.
Homes for sale in 78102.
1400 N Saint Marys Street
Beeville, TX 78102
List Price$1,850,000
Listing #72383419
2
Bedrooms
1 full
Bathrooms
19,536
Square Feet
24
Number of Units
Multi-Unit Residential
Type
About This Property
Presenting Sebastian Estates: A rare 24-unit value-add play in Beeville offered at an attractive $77,000/door at a 7.85% CAP Rate (proforma). Twenty-four large 2-bed/1-bath units at 814 sf, all single-level (tenants love this!), durable metal roofs, separately metered utilities. 1.07 acres with on-site parking. Beeville's tenant base is anchored by recession-resistant employers: TDCJ McConnell Unit (~540 staff), Coastal Bend College, Beeville ISD, and Eagle Ford energy. With effectively no new multifamily supply in the pipeline, the rent gap closes on its own merits. In-place rents average $855 against $950 market, and 42% of units are already leased at $900, proving the rent lift is real, not aspirational. Bring the bottom of the rent roll up and stabilize from 88% occupancy, and the value-add play is self-executing.
Property Features
Location Information
County
Bee
Subdivision
Jones Add
Latitude
28.414123
Directions
59S Turn right on St Marys
Longitude
-97.754318
Interior Features
Total Number of Units
24
Exterior Features
Stories
1
Lot Size in Acres
0
Is New Construction
No
Lot Size in Sq. Ft.
46,650
Lot Description
Other
Is One Story
Yes
School
School District
Beeville
Middle School
MORENO JUNIOR HIGH SCHOOL
Elementary School
FADDEN-MCKEOWN-CHAMBLISS ELEMENTARY SCHOOL
High School
A C JONES HIGH SCHOOL
Additional Information
Property Type
RI
Year Built
1974
Property SubType
Multi Family
Status
Active
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Mortgage Calculator
$8,638
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$6,666
Monthly Tax
$1,541
Monthly Insurance
$431
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
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