Three-Building Apartment
For Sale
Contact for pricing
2604 Avenue K, Bay City, TX 77414
33-unit multifamily property with 3 two-story buildings and in-unit washers and dryers on 1.97 acres.
Property SizeContact for details
Lot Size1.97 Acres
Days on Market160
Property Features for 2604 Avenue K
General Information
Standard status
Active
Class
A
Total Parking Spaces
64
Lot size
1.97 Acres
Property subtype
Multifamily
Occupancy
97%
Additional Details
Business Included
Yes
Multifamily Units
33
Building Details
Year Built
2018
Buildings
3
Stories
2
Units
33
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Houston
Listed By:
Andrew Nash · License #TX 815711
Source:
Crexi
Added: Mar 31
Changed: Aug 16
Last Checked: Sep 4 at 3:00PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Houston
Investment Insights
Based on property information with market context.
Raystone Apartment Homes is a 33-unit multifamily community in two phases, developed by the current ownership. Phase I includes 12 units completed in May 2018, and Phase II added 21 units delivered in June 2020. The property consists of three two-story buildings totaling 33 units on 1.97 acres. Each unit features modern finishes and practical in-unit amenities, including quartz countertops, stainless steel appliances, faux wood flooring, 9-foot ceilings with crown molding, smartcode keyless entry, and full-size washers and dryers.
The asset is located at 2604 Avenue K in Bay City, Texas, approximately 65 miles south of Houston.
In addition to the newer construction and unit finish package, the offering includes an opportunity for a buyer to assume the current Fannie Mae loan at a fixed interest rate of 4.89%, with a maturity date of April 1, 2031.
The asset is located at 2604 Avenue K in Bay City, Texas, approximately 65 miles south of Houston.
In addition to the newer construction and unit finish package, the offering includes an opportunity for a buyer to assume the current Fannie Mae loan at a fixed interest rate of 4.89%, with a maturity date of April 1, 2031.
Key Highlights
- 33‑unit multifamily community in Bay City, TX, across three two‑story buildings on 1.97 acres
- Phase I (12 units) completed May 2018; Phase II added 21 units delivered June 2020
- Average unit size is 1,038 SF with 9‑foot ceilings and crown molding
Property Analytics
Current Use
Lease Details
33
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
899
Businesses Nearby
Explore this area
Business Placement
Demographics for 77414, TX
23,416
Population
12,254
Households
1.9
Avg Household Size
38
Median Age
24%
College-Educated
85%
High-School Grad
555.1 sq mi
ZIP Area
42
Density / Sq Mi
$57,545
Median Household Income
$35,819
Median Earnings
$991
Median Rent
$166,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 33-unit multifamily property with 3 two-story buildings and in-unit washers and dryers on 1.97 acres.
Where is this apartment building located?
The property is located at 2604 Avenue K Bay City, TX.
What are key features of this property?
This property features: 33‑unit multifamily community in Bay City, TX, across three two‑story buildings on 1.97 acres; Phase I (12 units) completed May 2018; Phase II added 21 units delivered June 2020; Average unit size is 1,038 SF with 9‑foot ceilings and crown molding
