
Kingsman Apartments
93% Occupancy + Value-Add Potential
Marketing description
Kingsman Apartments offers investors a compelling value-add opportunity in the heart of Kingsville, TX—home to Texas A&M University-Kingsville and a strong base of military, education, and healthcare employment. This 66-unit garden-style community features a mix of one- and two-bedroom floorplans across well-maintained buildings with ample parking and green space. With current rents below market and upside through interior upgrades and operational efficiencies, Kingsman is primed for repositioning in a supply-constrained submarket. The property benefits from proximity to major thoroughfares, retail, and employers, making it attractive to both students and working professionals. This is a rare chance to acquire scale in a stable, underserved market with long-term growth potential.
Prospective purchasers will have the opportunity to visit the Property via
pre-scheduled property tours. These tours will include access to a representative
sampling of units and access to common areas and other similar facilities. In order
to accommodate the property’s ongoing operations, visitation will require advance
notice and scheduling through Berkadia.
Offers should be presented in the form of a non-binding Letter of Intent, spelling out
the significant terms and conditions of Purchaser’s offers including, but not limited
to:
1. Asset pricing
2. Due diligence and closing time frame
3. Earnest Money deposit
4. A description of the debt / equity structure
5. Qualifications to close
The purchase terms shall require that All Cash be paid at closing. Offers should be
delivered to the attention of one of the brokers at the address and/or emails listed
Investment highlights
10% new lease tradeouts and 4% renewal growth
Ownership capex upgrades ($8k/unit)
Operational Upside
Internet Contract
Parking/Carport
Increase rents on units with granite
Lease the model unit
Stellar online reviews
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