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526 Wilkes St Wharton, TX 77488

16-Unit Value-Add Opportunity in Texas

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional multifamily investment presents a compelling opportunity in the thriving Wharton, Texas market. The property, encompassing 40,378 square feet across three, two-story buildings, sits on a 0.92-acre lot. Constructed in 1977, the buildings offer a solid foundation for value-add improvements, capitalizing on the strong rental demand in the area. The portfolio comprises 16 units, providing immediate cash flow potential. Located conveniently near major transportation arteries, the property benefits from its proximity to Houston and the projected population growth within a 5-mile radius, expected to exceed 12,000 by 2029, with average household incomes exceeding $75,000. This presents a unique chance to acquire a well-positioned asset poised for long-term appreciation in a dynamic market. The property's location in Wharton County, at 526 Wilkes St., Wharton, TX 77488, offers easy access to essential amenities and services. This value-add investment is ideal for those seeking steady income and significant future growth. Contact us today to learn more about this exceptional opportunity.

Highlights

  • 40,378 SF multifamily property on a 0.92-acre lot in Wharton, TX.
  • 16-unit complex built in 1977, offering value-add potential.
  • Prime location near major transportation arteries, benefiting from strong rental demand.
  • Situated in a high-growth area with projected population increase exceeding 12,000 within a 5-mile radius by 2029, and average household incomes over $75,000.

Property Details for 526 Wilkes St

Property type
Residential income homes
Square Feet
40,378 SF
Year Built
1977
Buildings
3
Stories
2
Lot Size (sq. ft)
40,075 SF

Location Insight

City
Wharton
County
Wharton
State
Texas
Latitude
29.3212422
Longitude
-96.1183457

FAQs

What type of property is this?
Residential income home - 16-Unit Value-Add Opportunity in Texas
Where is the residential income home located?
The property is located at 526 Wilkes St Wharton, TX.
What are key features of this property?
This property features: 40,378 SF multifamily property on a 0.92-acre lot in Wharton, TX.; 16-unit complex built in 1977, offering value-add potential.; Prime location near major transportation arteries, benefiting from strong rental demand.
How can I contact the broker?
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526 Wilkes St
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