Affordable Rental Market

• Freeport’s average apartment rent is approximately $668 per month, significantly lower than the national average of $1,559 for similar age construction. This affordability, combined with a 7.1% increase in rent over the past year, indicates a strong demand for rental properties in the area.

Value-Add Potential

• A new owner has the opportunity to continue renovating the remaining units and push rents to market levels. With the property being sub-50 units, it allows for flexible management options with the ability to be more hands on and optimize cash flow.

Proximity to Workforce Hubs

• Freeport’s location provides access to a skilled workforce, particularly in the petrochemical and maritime sectors. The presence of major employers like Dow Chemical Company and Freeport LNG supports a steady demand for housing among blue-collar professionals.