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

Active

List Price$1,850,000

Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image

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.

Schools

Walk Score

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