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Description

Capstone is pleased to present West End Crossing: a 264-unit garden-style apartment community located in Beaumont, Texas. Built in 1967, West End Crossing has been well-maintained as current ownership has made continuous capital improvements throughout ownership. Current ownership is in the process of renovating units and is achieving up to ±$110 increase on renewals; if new ownership were to finish the value-add initiative a ±36% ROI could potentially be achieved. Beaumont has emerged as a desirable submarket for multifamily investment due to its strategic location between Port Arthur and Houston. This strategic location equates to a strong tenant base of above-average income levels as compared to the state average.

Investment Highlights:

New Third-Party Management

Proven Value-Add

Location & Submarket Demographics Statistics

Address

  • Address 6550 Phelan Dr
  • City Beaumont
  • State/county Texas
  • Zip/Postal Code 77706

Contact Information

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