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Jeannette Spinelli

Broker Associate & Founder | Spinelli Residential Group | KW - Austin Portfolio Real Estate

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600 E Crockett St , Beeville, TX 78102
$1,920,000
Est. Payment: $9,641.99/mo
0 Bed
0 Bath
4394 Sqft
Status: active | Days on site: 11
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Agent profile image
Jeannette Spinelli
Broker Associate & Founder

House Description

Presenting The Thomas Apartments: A rare 24-unit value-add play in Beeville offered at an attractive $80,000/door at a 7.53 PCT CAP Rate (proforma). Twenty-four large 2-bed/1-bath units at 990 sf, in 6 separate two-story buildings with durable metal roofs and separately metered power on just under 2 acres of land. Washer and dryer connections in each unit. 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 $873 against $950 market, and 46 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 80 PCT occupancy, and the value-add play is self-executing. If you'd like to acquire more units, this property can also be purchased as a package with MLS 72383419 for $3.77M.

Highlights

Listed by Erion Shehaj , (713) 952-3200 Signature Real Estate , (713) 952-3200. LERA MLS - Local Expertise Regional Access mls logo

Property Type

Commercial Sale

Lot/Acreage
1.95

Year Built

1980

County

Bee

Area

3300

School District

Beeville ISD

Listing ID

1965722

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Air Cond:Central
Fireplaces:

Exterior Features

Garage Capacity:48
Zoning:COMMERCIAL
Roof:Metal
Principal Interest
$9,642
Taxes
$0

Home Price

$1,920,000

Loan Details

30 yrs
6.434%

Down Payment

20%
$384,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$9,641.99

Principal

Taxes

Principal Taxes HOA Total
Monthly $9,641.99 $0.20 $0.00 $9,642.19
Yearly $115,703.89 $2.42 $0.00 $115,706.31
Total $3,471,116.77 $72.60 $0.00 $3,471,189.37

Today's Rates

30 Year

6.43%

20 Year

6.23%

15 Year

5.8%

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Market insight data is pulled from the same city as the listing being viewed (Beeville, TX).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.  The MLS may, at its discretion, require use of other disclaimers as necessary to protect participants and/or the MLS from liability.

IDX service by Blueroof 360

Data last updated: 2026-07-17T14:20:57.000Z

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