1400 N Saint Marys ST, Beeville, TX 78102
1400 N Saint Marys ST, Beeville, TX 78102
1400 N Saint Marys ST, Beeville, TX 78102
1400 N Saint Marys ST, Beeville, TX 78102
1400 N Saint Marys ST, Beeville, TX 78102
1400 N Saint Marys ST, Beeville, TX 78102
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Stephen Chavez

Stephen Chavez

+1(832) 449-0640
$ 1,850,000
Est. payment | /mo

2 Beds

1 Bath

19,536 SqFt

Save
$ 1,850,000
Est. payment | /mo
Save

2 Beds

1 Bath

19,536 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 19,536 sqft

Price per Sqft $94

Subdivision Jones Add

MLS Listing ID 72383419

Bedrooms 2

Full Baths 1

HOA Y/N No

Year Built 1974

Annual Tax Amount $36,723

Tax Year 2025

Property Sub-Type Multi Family

Property Description

Presenting Sebastian Estates: A rare 24-unit value-add play in Beeville offered at an attractive $77,000/door at a 7.85% CAP Rate (proforma). Twenty-four large 2-bed/1-bath units at 814 sf, all single-level (tenants love this!), durable metal roofs, separately metered power. 1.07 acres with on-site parking. On-site laundry facility provided at no cost to residents (potential to convert to coin-operated for additional income). Beeville's tenant base is anchored by recession-resistant employers: TDCJ McConnell Unit (~540 staff), Coastal Bend College, Beeville ISD, and Eagle Ford energy. With effectively no new multifamily supply in the pipeline, the rent gap closes on its own merits. In-place rents average $855 against $950 market, and 42% of units are already leased at $900, proving the rent lift is real, not aspirational. Bring the bottom of the rent roll up and stabilize from 88% occupancy, and the value-add play is self-executing.

Location

State TX

County Bee

Interior

Heating Central, Electric

Cooling Central Air, Electric

Fireplace No

Exterior

Roof Type Metal

Building

Lot Description Other

Story 1

Entry Level One

Level or Stories One

New Construction No

Schools

Elementary Schools Fadden-Mckeown-Chambliss Elementary School

Middle Schools Moreno Junior High School

High Schools A C Jones High School

School District 334 - Beeville

Others

Tax ID 4457

Houston Realtors Information Service / HAR MLS
Listed by Signature Real Estate Erion Shehaj

Schools and Properties Nearby

Stephen Chavez

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(832) 449-0640

stephen@lptrealty.co

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1400 N Saint Marys ST