LS Realty Advisors, Inc.
Listed by LS Realty Advisors, Inc.
$960,000
SOL Apartments | 12 Units
Details
APN 12767
Property Type Multifamily
Sub Type Apartment Building
Square Footage 9,504
Net Rentable (SqFt) 9,504
Units 12
Cap Rate 7.47%
NOI $71,690
Occupancy 100%
Pro-Forma Cap Rate 8.46%
Pro-Forma NOI $81,179
Price per SqFt $101
Broker Co-Op No
Class C
Year Built 1968
Year Renovated 2025
Buildings 2
Stories 1
Acreage 1.400
Zoning NZ
Investment Type Stabilized
Occupancy Date 01/01/2026
Ground Lease No
On-Site laundry; Storage; Covered Parking; Private Yards
Marketing description
SOL Apartments is a fully occupied, 12-unit multifamily community in Beeville, TX, offered at $960,000 ($80,000/unit). Built in 1968 and continuously improved under stable, long-term ownership, the property combines a documented capital improvement program with in-place rents that already exceed the submarket's underwritten market-rent ceiling.
- 100% occupied — no lease-up risk. Comparable Beeville multifamily assets on market today are priced off a pro-forma story at 79–87% occupancy; SOL delivers its return today.
- In-place average rent of ~$1,000/unit already exceeds the ~$950 market-rent ceiling used to underwrite the closest Beeville comps.
- 2025 actual NOI of $71,690.77, validating the 7.47% in-place cap rate at the $960,000 asking price.
- Documented 2025 capital program including a new roof
- Renovated unit interiors — new flooring, cabinetry, and stainless appliances (see photos).
- On-site coin-op laundry, private courtyard entries, and covered parking / storage for tenants.
Listing Contacts
LS Realty Advisors, Inc.
Listed by LS Realty Advisors, Inc.
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$71,690.00
$5,974.17/mo
Valuation Metrics
0
DSCR
7.47%
Cap Rate
7.47%
ROI
Map
Zoning
R3 ResidentialTwo FamilyDuplex And Apartment District
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View all 15 uses
View all 15 uses Last updated Jan 15, 2026 For deeper zoning details, reports are available at Zoneomics
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