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Victoria Place Apartments 701 E Airline St 59 Unit Apartment Building For Sale Victoria, TX 77901
Executive Summary
INVESTMENT OVERVIEW
RMA is pleased to announce the exclusive listing of Victoria Place, a 59-unit, turn-key property in Victoria, TX. The asset sits in a high visibility location just off highway 87.
The property is being offered at a low basis, providing an attractive entry point for a buyer looking to deploy capital and drive value. The asset is fully vacant with an incomplete renovation, creating a clean slate for an incoming owner to step in and execute immediately — no tenants to work around, no phased approach required.
At this price point, total project cost should land well below replacement cost and comparable stabilized trades in the submarket. The property is positioned for a straightforward execution: acquire, renovate, and stabilize.
RMA is pleased to announce the exclusive listing of Victoria Place, a 59-unit, turn-key property in Victoria, TX. The asset sits in a high visibility location just off highway 87.
The property is being offered at a low basis, providing an attractive entry point for a buyer looking to deploy capital and drive value. The asset is fully vacant with an incomplete renovation, creating a clean slate for an incoming owner to step in and execute immediately — no tenants to work around, no phased approach required.
At this price point, total project cost should land well below replacement cost and comparable stabilized trades in the submarket. The property is positioned for a straightforward execution: acquire, renovate, and stabilize.
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
Property Facts
| Sale Type | Investment | Lot Size | 1.88 AC |
| Sale Condition | Distress Sale | Construction Status | Under Renovation |
| No. Units | 59 | Building Size | 34,728 SF |
| Property Type | Multifamily | Average Occupancy | 0% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1962/2026 |
| Building Class | C | Parking Ratio | 2.71/1,000 SF |
| Sale Type | Investment |
| Sale Condition | Distress Sale |
| No. Units | 59 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.88 AC |
| Construction Status | Under Renovation |
| Building Size | 34,728 SF |
| Average Occupancy | 0% |
| No. Stories | 2 |
| Year Built/Renovated | 1962/2026 |
| Parking Ratio | 2.71/1,000 SF |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Range
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Public Transportation
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 25 | - | 550 - 620 |
| 2+1 | 34 | - | 670 - 760 |
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Property Taxes
| Parcel Number | 22300-003-00202 | Improvements Assessment | $755,590 CAD |
| Land Assessment | $296,953 CAD | Total Assessment | $1,052,543 CAD |
Property Taxes
Parcel Number
22300-003-00202
Land Assessment
$296,953 CAD
Improvements Assessment
$755,590 CAD
Total Assessment
$1,052,543 CAD
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Victoria Place Apartments | 701 E Airline St
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