Adobe Living at 8th Avenue North

Recent Capex Completed: The current owners have added a new security fence with 3 entry gates, repaired and restriped parking, and added a new entertainment area with a BBQ station and seating. Newly renovated units have received new electrical/breaker boxes, replaced water heaters, added recess lighting, custom cabinets, stone countertops, and new appliances.
Strong Unit Mix: Total of 16 one-bedroom and 10 two-bedroom, townhome units. They have historically been 100% occupied with minimal tenant turnover. All renovated units have a washer and dryer, while non-renovated units have connections.
Limited Supply: Currently no new multifamily construction projects are underway in the Texas City MSA.
Proximity to Houston: Texas City is located in the growing Bay Area of the Houston MSA. The local economy is driven by the oil and gas, manufacturing, construction, and healthcare industries. Texas City has a strong blue-collar workforce with a median income of $73.3K per household within a 1 mile radius.Offe

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