
Courtesy of: Erion Shehaj, Signature Real Estate, hello@signaturehouston.com
$1,850,000
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2 bed
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1.00 Bath (1 Full)
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Single Family Attached
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$1,850,000
1400 N Saint Marys Street 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.
Courtesy of: Erion Shehaj, Signature Real Estate, hello@signaturehouston.com
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