Lender Foreclosure
La Marque, Texas
Building
Stats
- Property Type Multifamily - Low-Rise/Garden
- Year built 1967
- Building size (SF) 40,194
- Size (Ac) 2.25
- Price $3,490,000
Overview
Avison Young is pleased to present a lender foreclosure of a multi-residential property located at 1727 Main Street in La Marque, Texas. The property features five (5) buildings at a cumulative ±40,194 square feet. These are equipped with 64 apartments including 1 and 2 bedroom units, each with a kitchen and bathroom. Additionally, laundry facilities and a clubhouse can be found on-site. There was at one time an enclosed garage structure that has been removed due to a fire. The existing foundation is still present.
Highlights
64 units including 1 and 2 bedrooms each with kitchen and bathroom
Ample surface parking
On-site laundry facilities and clubhouse
Close proximity to Interstate 45
Within 1 mile of National Credit Tenants including McDonald’s, Jack in the Box, and Circle K as well as a few local restaurants
Value-add opportunity through renovation and releasing to realize the upside potential
