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Rabe Real Estate, LLC
401 E. Houston St.
Beeville TX 78102
361-358-1255 Office
361-358-0333 Fax
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Listing Details
Property Type: Commercial
List Price: $795,000
Street #: 1703 & 5
Direction: S
Street Name: Washington St
City: Beeville
State: TX
Zip Code: 78102
County: Bee
School District: Beeville ISD
Tax ID: 558000002023000000000
Total Taxes: 16156
Tax Year: 2020
Deed Restrictions: Yes
Road Front Ft: 300
Underground Tanks:  
Apx Acres: 0.998
Land Size Apx: 43500
Land Dimensions: 300 X 145
FEMA Flood Zone: No
Zoning: Multi-Family
Water District: Yes
Sewer: Public Sewer
Septic Size:  
Retail Electric: AEP
Gas Co: Reliant
Type: Apartment
Units: 16
Year Built: 1996
Total Baths: 16
SqFt Apx: 9998
Water Heater: Electric
Water Heater Gal:  
Business Name: Southern Oaks Apartments
Gross Receipts: 105483
Cost of Sales:  
Total Expenses: 57130
Construction: Brick, Brick Veneer, Frame
Roof: Composition
Heat: Central Electric
Cooling: Central Electric
Water: Public
Windows: Aluminum, Screens
Appliances: Dishwasher, Range, Disposal, Refrigerator
Features: Cable TV, Ceiling Fan
Road Surface: Asphalt, Highway Frontage
Terrain: Level
Financing: Cash, Conventional
Possession: Close Of Escrow
Legal Description: Parkmoore Place, Block 2, Lots 23 - 26, 300 X 145
Description: Lots of renovations with new roof since Harvey and new ACs in many units; 16 unit Southern Oaks Apartment consists of 8 - 2 bedrooms 1 bath units at 1703 S Washington St and 8 - 1 bedroom 1 bath units at 1705 S Washington St all units amenities include electric stove, refrigerator, dishwasher, disposal, Central AC-H and ceiling fans; all kitchens also have great cabinet space and all units have good closets space and the 1 bedrooms have a walk-in closets; all units are separately metered water and electric. New roof since Harvey quite a few ACs and Appliances replaced .Solid investment property that stays close to 95 -100% rented with 2020 NOI at $38, 353 a year. Cap Rate 4.8% (revised).
MLS Number: 111978
Property Status: A
Listing Office: Beevillehome Real Estate (#:41)
Listing Agent: David Dirks (#:1)
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Listing Office Name: Beevillehome Real Estate