Three-Building Apartment
2604 Avenue K Bay City, TX 77414
2604 Avenue K, Bay City, TX, 77414
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For Sale
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33-unit multifamily property with 3 two-story buildings and in-unit washers and dryers on 1.97 acres.
Lot Size1.97 Acres
Days on Market113
Property Features for 2604 Avenue K
General Information
- Standard status
- Active
- Lot size
- 1.97 Acres
- Property subtype
- Multifamily
Listing agency
Marcus & Millichap - Houston
Listed by
Andrew Nash · License #TX 815711
Source
Crexi
Added: Mar 31 Updated: Jul 20 at 8:45PM Checked: Jul 21 at 3:15AM
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
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Raystone Apartment Homes
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FAQs
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
