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.
-
0BEDS
-
1.07ACRES
-
0BATHS
-
01/2 BATHS
-
17,258SQFT
-
$107$/SQFT
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.
© 2026 Information provided courtesy of LERA MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the LERA MLS or River City Team | Keller Williams Heritage. Last updated 2026-06-06T15:33:04.85.