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Presenting Sebastian Estates: A rare 24-unit value-add play in Beeville offered at an attractive $77,000/door at a 7.85% 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 utilities. 1.07 acres with on-site parking. 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% 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% occupancy, and the value-add play is self-executing.
| DAYS ON MARKET | Login to view Days on Market | LAST UPDATED | 5/1/2026 |
|---|---|---|---|
| TRACT | Jones Add | YEAR BUILT | 1974 |
| COMMUNITY | 85 | COUNTY | Bee |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| Elementary School | Fadden-Mckeown-Chambliss Elementary School |
|---|---|
| Jr. High School | Moreno Junior High School |
| High School | A C Jones High School |
| ADDITIONAL DETAILS | |
| AIR | Electric |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 85 |
| HEAT | Electric |
| LOT | 1.0709 acre(s) |
| LOT DESCRIPTION | Other |
| STORIES | 1 |
| SUBDIVISION | Jones Add |
| TAXES | 36723 |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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