Map pin4325 Crow Road, Beaumont, TX, 77706, US

Seville Apartments

Seville Apartments_Property for Sale

Attributes

Number of units
90
Year built
1980
Year renovated
2009
Occupancy
98%

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer for sale Seville Apartments. This 98% occupied, 90-unit senior property is located in Beaumont, TX and benefits from a project-based Section 8 (HAP) contract on 100% of the units. The Offering presents Investors the opportunity to deploy capital into an inflation-protected, government backed asset with the potential to significantly increase revenue through a mark-up-to-market contract rent increase.

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Investment Highlights

  • HAP Contract Provides Stable Operations
  • Significant Contract Rent Upside
  • Proximity to Economic Drivers & Ease of Access
  • Attractive Senior Asset Garnering Strong Demand
  • Strong Beaumont Metro & Proximity to Houston MSA
  • Accretive & Assumable Soft Debt
Seville Apartments 4_Property for Sale
Seville Apartments 4_Property for Sale
Seville Apartments (0 Properties)

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Last updated
28 May 2024