About 600 E Crockett St
PRICE CUT! Presenting The Thomas Apartments: A rare 24-unit value-add play in Beeville offered at an attractive $76,000/door at a 7.92 PCT CAP Rate (proforma). Twenty-four large 2-bed/1-bath units at 990 sf, in 6 separate two-story buildings with durable metal roofs and separately metered power on just under 2 acres of land. Washer and dryer connections in each unit. 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, in-place rents average $873 against $950 market, and 46 PCT of units are already leased at $900, the rent lift is real and easily achievable. Bring the bottom of the rent roll up and stabilize from 80 PCT occupancy, and the value-add play is self-executing. If you'd like to acquire more units, this property can also be purchased as a package with MLS 72383419 for $3.77M.
Features of 600 E Crockett St
| MLS® # | 1965722 |
|---|---|
| Price | $1,825,000 |
| Number Of Units | 24 |
| Square Footage | 4,394 |
| Acres | 1.95 |
| Year Built | 1980 |
| Type | Commercial |
| Sub-Type | Apartments |
| Status | Active |
Community Information
| Address | 600 E Crockett St |
|---|---|
| City | Beeville |
| County | Bee |
| State | TX |
| Zip Code | 78102 |
Multi-Unit Information
| Gross Income | $273,600 |
|---|---|
| Net Operating Income | $144,506 |
Amenities
| Utilities | Electricity, Water, Sewer |
|---|---|
| Parking Spaces | 48 |
Interior
| Heating | Central |
|---|---|
| Cooling | Central |
| # of Stories | 2.0 |
| Stories | 2 |
Exterior
| Roof | Metal |
|---|---|
| Construction | Wood, Brick |
| Foundation | Slab |
School Information
| District | Beeville ISD |
|---|
Additional Information
| Date Listed | May 11th, 2026 |
|---|---|
| Days on Market | 123 |
| Zoning | COMMERCIAL |
| Short Sale | No |
| Cap Rate | 7.92 |
| Gross Rent Multiplier | 6.67 |
| Estimated Taxes | $2 |
Listing Details
| Agent | Erion Shehaj |
|---|---|
| Office | Signature Real Estate |
| Contact Info | (713) 952-3200 |