2501 Lexington Rd Beeville, TX 78102

This exceptional 396-unit multifamily property, known as Capehart, presents a compelling investment opportunity. Situated on a substantial 75.53-acre lot in Beeville, Texas, at 2501 S Lexington Rd, 78102, this community boasts a diverse range of unit types, including single-family homes with attached garages and fenced yards, duplexes, townhomes, and apartments. All units offer covered parking. Construction occurred in phases, beginning in 1955-1958, continuing in 1972, and concluding in 1984. Originally serving as housing for the Chase Field Naval Air Station, Capehart offers a unique blend of housing styles. The property also includes valuable retail space, currently occupied by a daycare, and a sizable recreational area for residents. Key investment highlights include market-leading floor plans, limited direct rental competition, a planned rental rate increase scheduled for February 2024, and a unique exit strategy. Further opportunities exist for cosmetic value-add improvements. The property benefits from immediate scale and the implementation of a RUBS (Rent Utility Billing System) program. Historically, the property has maintained stable occupancy rates. This is a rare chance to acquire a large-scale, established multifamily community with significant upside potential.