5680 Concord RdBeaumont, TX 77708

For Sale
$3,675,000

68-unit apartment building, excellent investment.

Overview

Added:
Dec 11, 2024
Days on market:
93
Concord Manor, a stabilized Class C multifamily investment property located at 5680 Concord Rd, Beaumont, TX 77708, presents a compelling opportunity. This 68-unit apartment building, totaling 38,694 square feet, sits on a 2.27-acre lot and boasts a 95% occupancy rate. Built in 1976 and extensively renovated in 2022, the property comprises four two-story buildings. The recent renovations included new vinyl flooring, countertops, cabinets, and appliances in the majority of units. All air conditioning units were upgraded in 2022, and the roof was replaced within the last five years. Adding to its appeal, Concord Manor features a newly constructed leasing office and laundry facility equipped with owner-owned machines. Its prime location offers exceptional convenience, being less than a mile from Parkdale Mall and major retailers, and approximately eight miles from Lamar University. The asking price is $3,675,000, translating to $54,044 per unit and $94.98 per square foot. This property offers a strong return on investment with its high occupancy, recent upgrades, and desirable location. The property is for sale by owner.

Highlights

  • 68-unit Class C multifamily property in Beaumont, TX.
  • 38,694 square feet on a 2.27-acre lot.
  • 95% occupancy rate.
  • Extensively renovated in 2022, including new flooring, countertops, cabinets, appliances, and AC units.
  • New leasing office and owner-owned laundry facility.
  • $3,675,000 asking price ($54,044 per unit, $94.98 PSF).

Property Details for 5680 Concord Rd

Property type
Multifamily properties, Apartment buildings
Square Feet
38,694 SF
Class
C
Year Built/Renovated
1976/2022
Buildings
4
Stories
2
Lot Size (sq. ft)
98,881 SF
Units
68

Location Insight

City
Beaumont
County
Jefferson
State
Texas
Latitude
30.1269196
Longitude
-94.1512149
5680 Concord Rd, Beaumont, Texas

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
5680 Concord Rd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message