2535 MCFADDIN STREET BEAUMONT, TX 77702
The Savannah Square Apartments, is a two story, garden-style, brick apartment community located in Beaumont, Texas. The asset was built in 1977. Resident amenities include: mini-blinds, kitchen pantries, ceiling fans, patios and balconies.
Currently there are no reported leasing concessions.The Broker feels that a moderate rehab can improve performance. The rents shown are the market rents. There is now (11/13/2020) one unit vacant. It was just updated and the asking rent is $650/unit!
Blue collar profile. Ideal for a first time buyer.
Owner is in the process of installing a new fence at the property. In the back yard, there is an empty slab, which would be ideal to install a washateria to improve income. The Owner recently acquired this and the previous owner did not keep good records. The new management company is in process of creating a good set of books!
Tom Wilkinson has performed real estate marketing serves for institutional and individual investors since 1972. He has a BA in Mathematics from Rice University and an MBA in Real Estate Investments from the University of Texas. In addition to brokering real estate, Tom previously owned and operated more than 80 properties. Tom has successfully marketed properties for and to dozens of individual, business and institutional sellers and buyers, including REO properties for the RTC, FNMA and FreddieMac.