James-Myers Multifamily Team Presents Investment Opportunity in Baytown, Texas

259 Multifamily Units For Sale Inside Houston MSA

BAYTOWN, TEXAS – Laguna Azul offers investors long term stability, future rent growth potential, and value appreciation in one of Texas’ strongest economic markets.

Apartments-for-sale-james-myers-multifamily-laguna-azul-baytown-texas-15a

 

Desirable Baytown Community: Laguna Azul Apartments are located in Baytown, Texas, just north of TX-146. Situated on 26 acres, Laguna Azul was originally constructed in 1975. The 259-unit property is comprised of one, two and three bedrooms units. Nine spacious floor plans range in size from 564 to 1,548 square feet. Residents benefit from community amenities including a swimming pool, children’s playground, expansive green space, onsite laundry facilities, and ample parking with available car ports. Unit interiors feature central air conditioning, dishwashers and ceiling fans. Laguna Azul offers a potential investor the opportunity for long term stability, future rent growth potential and value appreciation.

Vibrant Business Environment Within the Houston Metropolitan Statistical Area: Surrounded by six bays and the Houston Ship Channel, Baytown’s community and economy have greatly benefited by the petrochemical boom. The Baytown area is home to several of ExxonMobil’s integrated sites, which include the Baytown Refinery, Baytown Chemical Plant, Baytown Olefins Plant, Mont Belvieu Plastics Plant, Americas Area Engineering Office and Baytown Technology & Engineering Complex. Baytown is known as the place where oil and water mix. The location and proximity of the city render it a great home for water enthusiasts.

Major Market Economy: Houston has been a leader in US Cities in job creation over the past four years and is looking to be a top growth area in the nation in 2014. The city’s status as a global leader in the energy sector has served to protect against the effects of a national recession. Industry growth continues to drive commercial development in Health Care, Research, Professional Services, Medical Research and Technologies. Houston has become an international hub for trade and business with three airports creating the sixth largest airport system in the world. The city ranks number three in the nation among cities with the most Fortune 500 companies with twenty-one that call Houston home. Current trends and industry experts are suggesting that Houston may be the strongest economy in Texas in 2014.

Financing: This investment opportunity is being offered on an all cash basis allowing for unrestricted financing options.

For the complete marketing package, please sign the Laguna Azul Confidentiality Agreement.

For additional investment information, please contact:

Joe James | jjames@marcusmillichap.com | 512-338-7852

Kent Myers | kmyers@marcusmillichap.com | 512-338-7853

Matthew Yarbrough | matthew.yarbrough@marcusmillichap.com | 512-338-7858

Follow us on Twitter @JamesMyersMF for the latest market news and activity.

The James-Myers Multifamily Team of Marcus & Millichap has participated in the sale of more than 63 transactions since 2007 totaling over 13,000 units and more than $730 Million in sales across Texas.  Contact us for acquisitions, dispositions, property evaluations or market information for your Texas apartments.

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One comment

  1. Pingback: Low Income Housing Tax Credit Apartments in Northeast Austin Under New Ownership | James-Myers Multifamily

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