820 E Brazos Ave, West Columbia, TX 77486

River Road Apartments is a 21-unit residential income property in West Columbia, TX. The community includes 20 one-bedroom, one-bath units averaging 408 square feet and one detached 680-square-foot one-bedroom garage unit. Current occupancy is reported at 71%. Unit interiors have been renovated with new flooring, updated cabinetry, refreshed bathrooms, and new appliances. Recent ownership has invested approximately $69,000 renovating four units, each of which signed leases at $960 per month, reflecting a premium over in-place rents.

The property is located directly on E Brazos Avenue (State Highway 35), with strong street visibility described in the offering. The community is minutes from the Gulf Coast petrochemical corridor and within an hour drive of Houston, per the remarks. The surrounding employment base is described as being anchored by major employers including Dow, BASF, LyondellBasell, Phillips 66, and Freeport LNG.

For tenants and buyers, the mix of renovated classic units plus the detached garage unit supports a straightforward operational plan tied to the property’s existing renovation program. The offering states that continuing renovations could stabilize the newly added garage unit and drive Year 1 net operating income of $103,381, with a reported Year 1 cap rate of 14.77% to 17.23% within the provided pricing guidance.