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34362017
34362027

7 Locations For Sale

PK
TX 775364
CBRE Group Inc.
CBRE
CBRE
Listed by CBRE Group Inc., CBRE
Unpriced
5 days on market
Updated 5 days ago
Opportunity zone

Hacienda Apartments

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 65,778
Net Rentable (SqFt) 65,778
Units 97
Occupancy 76%
Tenancy Multi
Class C
Year Built 1984
Buildings 24
Acreage 3.030
Investment Type Value Add
Occupancy Date 06/24/2026
Sale Condition For sale by owner

IN THE MARKET-OFFERS DUE AUG. 5TH | Hacienda Apartments | Lender Owned | 100% Value-Add Multifamily

Marketing description

Hacienda Apartments is a portfolio of small apartment complexes and one single family homes totaling 97 units in Beaumont, Texas. All are located within neighborhoods

adjacent to Lamar University, which accounts for why approximately 70% of the residents are students. The properties provide an affordable alternative to dorm living.

Beaumont is situated at the heart of the “Golden Triangle” region in Southeast Texas that encompasses the Beaumont-Port Arthur-Orange metropolitan area. With an

abundance of industry in healthcare, oil & gas, electricity, agriculture, and education, Beaumont and Southeast Texas have a thriving and diversified economy.

Within walking distance of the properties, Lamar University employs 1,200+ faculty and staff for over

17,700 students. It offers over 100 programs from bachelor’s to doctoral degrees. It is best known for

its prestigious engineering programs (particularly chemical and mechanical engineering), nursing and health profession degrees, and its extensive educator preparation programs.

Beaumont serves as the commercial and cultural hub of the region, with various parks, museums, and shopping centers. A lower cost of living and a year-round outdoor climate makes Beaumont the ideal place to live.

There is value-add opportunity to renovate 100% of the units, which are all in “classic” condition.

Investment highlights

  • Lender Owned
  • 100% Classic - All units can be renovated
  • Recent leases achieving higher than market rent
  • Proximity to Lamar University

Listing Contacts

PK
TX 775364
CBRE Group Inc.
CBRE
CBRE
Listed by CBRE Group Inc., CBRE

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Additional Information

Name
Philip Kerr
License
775364
Brokerage Phone
713-620-0345
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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