4408 Hiram Brandon Dr Bay City, TX 77414
- Commercial real estate
- 3.00 lot acres
Current Use by Public Records
- Lantana Apartments / Apartment Building / Apartment Complex
Property Details for 4408 Hiram Brandon Dr
- Year built
- 1977
- Lot size
- 3.00 lot acres
- Property type
- Commercial real estate
Description
Exceptional investment opportunity in Bay City, Texas, presents the Lantana Apartments, a 48-unit multifamily property boasting a 96% occupancy rate (46 of 48 units). This stabilized, value-add asset offers significant upside potential through rent increases and additional fee implementation (water, late, parking, pet fees, and laundry lease negotiation). The property, situated on a 3-acre lot at 4408 Hiram Brandon Dr, Bay City, TX 77414, comprises seven, two-story buildings totaling 3,982 net rentable square feet. Built in 1977, the complex underwent extensive renovations in 2022, 2023, and 2024, with exterior renovations completed and 45 of 48 units featuring updated interiors. Benefiting from a quiet location adjacent to an elementary school, Lantana Apartments is conveniently located approximately 83 miles south of Houston, 38 miles from Lake Jackson, and 25 miles from Wharton. Importantly, the property is located in Zone X, outside of any designated flood zone. A detailed list of property improvements is available upon request. This represents a rare opportunity to acquire a well-maintained, high-performing apartment complex with considerable growth potential in a desirable location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bay City
- County
- Matagorda
- State
- Texas
- Longitude
- -95.9720989
- Latitude
- 28.9586573
