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Listed price in listed location currency (USD).
$1,920,000

210

MLS® 81816909

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 23760 sqft
Garage 
Taxes $37,507
Days Active 1
Lot Size 
Approx. Age 1980
Avg. Price Per Sqft $80
MLS® Number 81816909

Property Address: 600 E Crockett Street, Beeville, TX, 78102

Average square foot calculated using Size range provided by listing agent.

Description

Presenting The Thomas Apartments: A rare 24-unit value-add play in Beeville offered at an attractive $80, 000/door at a 7.53% CAP Rate (proforma). Twenty-four large 2-bed/1-bath units at 990 sf, in 6 separate two-story buildings with durable metal roofs and separately metered power on just under 2 acres of land. Washer and dryer connections in each unit. 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 $873 against $950 market, and 46% 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 80% occupancy, and the value-add play is self-executing. If you'd like to acquire more units, this property can also be purchased as a package with MLS 72383419 for $3.77M.
MLS® Number81816909
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1980
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

May 4, 2026List Date
$1,920,000List Price
  • Commute

Commute

Starting Address
Destination Address
600 E Crockett Street, Beeville, TX

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