Hacienda Apartments
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
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