Timber Ridge & Timbers in Jasper Apartments

56 Unit Apartment Building | $3,200,000 ($57,143/Unit) | 8.20% Cap Rate | Jasper, TX 75951

Asking Price $3,200,000

Property Type: Multifamily
Square Feet: 44,361 SF

Listing Contacts

Wendi Bangoy

Verified Profile

Property Info

Property Overview

Fantastic Investment property to round out your portfolio! 2 Apartment Complexes both with prime commercial locations boasting 56 doors total. Timber Ridge Apartments of Kirbyville totals in at 24 doors and is comprised of 6 buildings. Apartment range includes: 8-1 Bed/1 Bath, 16-2 Bed/1 baths that are housed in 5 of the buildings with the 6th building featuring a laundry mat, a central mail area for the complex and a private office space with half bath. Located just off of Hwy 96 in the heart of Kirbyville, this complex offers a private yet accessible location for tenants and maintenance individuals. Timbers Apartments, located in Jasper, TX approx 20 mins from the Timber Ridge Kirbyville location, is made up of a 32 door property featuring 4 buildings comprised of 3, two story apartment buildings and a single story laundry mat. The apartments vary in size and include 4 efficiency apartments, 12- 1 Bed/ 1 Bath apartments and 16- 2 Bed/2 Bath apartments. This property offers direct access to State Hwy 190 in Jasper and is within walking distance of multiple resources. Financials are available upon request for both properties.

Property Details

Class: C
Year Built: 1970
Stories: 2
Lot Size (sq. ft): 156,816 SF
Units: 56

Highlights

Two Complexes
State Highway Frontage, Access
On-site Laundry Facility
98 % Occupancy

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