Garden Manor — Sale in Texas City, TX

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Texas City, TX 77590

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Description

Marcus & Millichap is pleased to present Garden Manor, a well-maintained 26-unit apartment community in Texas City, Texas. The property features a diverse mix of one-, two-, and three-bedroom units, with rents currently positioned well below market and clear upside through rental growth and improved operations. Located near Palmer Highway, major retail, ongoing commercial development, and Texas City’s industrial employment base, the asset benefits from strong accessibility and surrounding investment. Garden Manor is offered below replacement cost and includes an attractive 3.63% assumable loan, providing investors with a meaningful financing advantage in today’s uncertain interest-rate environment. Investment Highlights: • Attractive Assumable Financing - Rare 3.63% assumable loan provides a significant financing advantage. • Clear Value-Add Upside - Below-market rents create immediate room for revenue and operational growth. • Compelling Basis and Location - Offered below replacement cost near expanding retail and major industrial investment.

Market Context

This multifamily in Texas City, TX is listed for sale. Compare it against other multifamily listings for sale in Texas City, TX — view the full market.

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