SHADOW BAY APARTMENTS

1700 Baywood, Bay City, TX 77414

Property Location

Specifications

Property Type: 
Garden/Low Rise
Class: 
C+
Year: 
1978
Units: 
232
Rentable Sq. Ft.: 
167,733
Lot Size: 
8.65 acres
Listing Type: 
Status: 

SHADOW BAY is an excellent opportunity for an investor to purchase a recently rehabbed, 232 Unit, apartment
community in the Bay City tertiary market outside of the Houston Market. Over the last couple of years the population in Bay City
and Matagorda County has grown rapidly. The major industrial plants in the county bring in hundreds of contract employees
during planned outages, shutdowns or expansions. The Bay City area is quickly growing and expanding. It is within a booming
county and a desirable destination for businesses and families.

The Shadow Bay Apartment Community was rehabbed in 2014/15. The rehab consisted of exterior upgrades/repairs as well as an interior upgrade to approximately 200 units. Continued interior upgrades should allow for upside in the rents of the units that have not been upgraded. All of the roofs were replaced during the rehab in early 2015. Good location within minutes of shopping and major employment in the area.

The property is located off a major thoroughfare in the area (Hwy 60 / Avenue F) on Baywood and is approximately a mile from Tx Hwy 35.

OPEN HOUSE FRIDAY, JUNE 3, 2016 FROM 11:00 AM to 2:00 PM (please call Gwyn VonHeeder at 713-800-8990 to RSVP)

Supporting Documents
Property Documents: 
Private

Tom Wilkinson

Location: 
Houston, TX
twilk4.ketent@gmail.com
Office: 
713-355-4646 x 102
Fax: 
713-355-4331

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.

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