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Buy&Hold Multifamily: 336 Units, Houston, TX 77521 - PENDING

Updated: Mar 10

Multifamily Investment Opportunity Available







1600 Santavy St., Baytown, TX 77521


Acquisition Price

$60,000,000


Offering Terms. - All Cash YOC - 2019 Total Acreage - 19.78 Total Units - 336 Total SF - 302,107 Avg Unit Size SF - 899 Current Market Rent/Unit - $1,377 Current Market Rent/SF - $1.53 % Occupied - 92.9% % Leased - 96.7 This is a 336-unit, best-in-class garden-style community ideally located in Baytown, one of Houston’s premier suburban submarkets. Supply- constrained Baytown is currently achieving all-time high rental rates of 8.9% over the last twelve months. In addition, there are no conventional units under construction in the submarket, promoting a growth-oriented environment for Alta Baytown to succeed. The submarket also has exceptional local demand drivers just minutes from the Property, including the Port of Houston, Methodist Baytown Campus, and Cedar Port Industrial Park. Recently built in 2019, the Property serves as a low-density nature-centric haven for renters in a post-pandemic world. Located in a submarket with zoning restrictions, Alta Baytown offers investors a chance to acquire core product in a high-barriers-to-entry market at a discount to replacement cost with ample opportunities to generate higher rents and returns. Please email us at sarter@promiselandrealtyllc.com to submit all offers or request additional information.







"Brick by Brick"





PROMISE LAND REALTY, LLC

Work: 864-762-2509

sarter@promiselandrealtyllc.com

www.promiselandrealtyllc.com


All Off Market Properties are sold 'As-Is'. Buyer must do their due diligence. Sold on warranty deed. We are selling our assignable interest. 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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