1400 SAINT MARYS ST, Beeville, TX 78102
1400 SAINT MARYS ST, Beeville, TX 78102
1400 SAINT MARYS ST, Beeville, TX 78102
1400 SAINT MARYS ST, Beeville, TX 78102
1400 SAINT MARYS ST, Beeville, TX 78102
1400 SAINT MARYS ST, Beeville, TX 78102
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BILLIE CANTU

BILLIE CANTU

+1(210) 426-5292
$ 1,850,000
Est. payment | /mo

17,258 SqFt

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

17,258 SqFt

Key Details

Property Type Commercial

Sub Type Commercial Improved Prop

Listing Status Active

Purchase Type For Sale

Square Footage 17,258 sqft

Price per Sqft $107

MLS Listing ID 1965603

Construction Status Brick

Year Built 1974

Annual Tax Amount $2

Lot Size 1.070 Acres

Property Sub-Type Commercial Improved Prop

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 PCT 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 PCT 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 PCT occupancy, and the value-add play is self-executing.

Location

State TX

County Bee

Area 3300

Zoning COMMERCIAL

Direction N

Interior

Heating Central

Cooling Central

Exterior

Garage Spaces 48.0

Utilities Available Electricity, Water, Sewer

Amenities Available Not Applicable/None

Roof Type Metal

Building

Story 1

Foundation Slab

Level or Stories 1

Construction Status Brick

Schools

School District Beeville Isd

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

LERA MLS - Local Expertise Regional Access / SABOR
Listed by Erion Shehaj • Signature Real Estate • (713) 952-3200

Schools and Properties Nearby

BILLIE CANTU

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+1(210) 426-5292

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San Antonio, TX, USA

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1400 SAINT MARYS ST