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The Verve

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Address: 3201 Garth Rd, Baytown, TX 77521, USA

Texas + Apartment Buildings

Created date: February 29, 2024

Date last updated: September 20, 2024

Value-add REO opportunity
Immediate access to Interstate 10, Houston's dominant east-west freeway
Abundance of jobs available at local refineries
Conveniently located in close proximity to Houston's Ship Channel and multiple oil refineries
High demand for quality work-force housing
Move-in ready vacancies

Property Description

The Verve is a 56-unit apartment complex located in Baytown, TX. The well-maintained garden style apartments consists primarily of one-bedroom, two-bedroom and three-bedroom units averaging 827 square feet. The Property, which was built in 1963, is located off Garth Road, one of Baytown's primary north-south thoroughfares as well as the trade area's dominant retail hub. The Property is currently 88% occupied. Property was rehabbed by previous owner in 2017. Exterior improvements included but were not limited to new signage, landscaping, fencing, and exterior paint. Interior improvements included appliances, cabinets, flooring and paint. The property is currently operated on a RUBS system for water, electricity, and gas. The landlord is also billing back tenant for trash and pest control.

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Key Property Information

Listing Status:	Available
Listing Type:	Call for offers
Property Types:	Apartment Buildings
Lot Size:	46,328.00 Sq ft
Opportunity Zone:	No
Property Website	Click Here