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Buy&Hold (Multifamily): (290 Units) 2700 Ward Rd, Baytown, TX 77520 + $17,500,000

Multifamily Investment Opportunity








Price

$17,500,000


Off-Market Listing: WATERMARK AT BAYTOWN

📍 2700 Ward Road, Baytown, TX 77520

💰 Asking Price: $17,500,000

🏢 Units: 290 | Class: C

📅 Year Built: 1972 | Renovated: 2002

📉 Occupancy: 47.2% (Bridge loan suggested)

🔒 Status: Off-Market | Direct to Seller



Property Overview:

Presenting Watermark at Baytown, a 290-unit, garden-style multifamily community located in the fast-growing Baytown submarket of the Houston MSA. Built in 1972 and significantly renovated in 2002, this C-class asset is in solid condition and offers immediate upside potential for an experienced operator.


The Opportunity:

A recent underground gas line issue has led ownership to proactively vacate approximately 40% of the units for safety and remediation. With current occupancy at just 47.2%, this creates a rare chance to acquire a well-positioned asset at a deep discount relative to stabilized value.

Once stabilized, this asset could produce strong cash flow and appreciation returns, particularly given Baytown's continued industrial and economic expansion.


Key Highlights:

  • Strong value-add upside through re-tenanting and light interior rehab

  • All vacated units are structurally intact and well-maintained

  • Renovated in 2002 with many deferred maintenance items already addressed

  • Located minutes from major job drivers, including ExxonMobil Baytown Complex

  • Ideal candidate for bridge loan financing with reposition strategy


📩 Submit all offers and inquiries to: 📧 investments@promiselandrealtyllc.com


TEAM PROMISELAND DISCLAIMER:

This opportunity is shared exclusively with TEAM PROMISELAND members and their verified investment partners. Unauthorized marketing or sharing of this listing is strictly prohibited. Violators are subject to a $1,000 fine and removal from our deal network.


Aerial View



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"Your #1 Source for Off Market Investment Properties, NATIONWIDE"






PROMISE LAND REALTY LLC

Work: 864-762-2509


All Off Market Properties are sold 'As-Is'. Buyer must do their due diligence. Sold on warranty deed. We are selling our assignable interest. You do NOT HAVE PERMISSION to market this property WITHOUT EXPRESSED WRITTEN CONSENT. Proof of Funds is required with all offers. Earnest Money Deposit due within 48 hours of accepted offer. Closings are done quickly and with a title company/closing attorney. Realtors add your fee on top.

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