1400 N Saint Marys Street

Presenting Sebastian Estates: A rare 24-unit value-add play in Beeville offered at an attractive $77,000/door at a 7.85% CAP Rate (proforma). Twenty-four large 2-bed/1-bath units at 814 sf, all single-level (tenants love this!), durable metal roofs, separately metered utilities. 1.07 acres with on-site parking. Beeville's tenant base is anchored by recession-resistant employers: TDCJ McConnell Unit (~540 staff), Coastal Bend College, Beeville ISD, and Eagle Ford energy. With effectively no new multifamily supply in the pipeline, the rent gap closes on its own merits. In-place rents average $855 against $950 market, and 42% of units are already leased at $900, proving the rent lift is real, not aspirational. Bring the bottom of the rent roll up and stabilize from 88% occupancy, and the value-add play is self-executing.