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806-907 Simpson Road, Victoria, TX, 77904

Simpson Fourplex Portfolio

$2,500,000

Key Information

$ per SF
$125
Tot. SF
19,976
Units
20
Year Built
1977 / 2020 (R)
Type
Apartments
NOI
$159,400

Highlights

• The recent transition of Texas A&M University Victoria into the main A&M System is primed to drive rapid enrollment growth past its current base of over four thousand students. This influx of faculty and students will create a highly captive and long term tenant pool for off campus housing.
• Located on the north side Victoria, the portfolio sits near the Victoria Mall and other prime retail hubs. Tenants are zoned to the top schools within the city and are along the path of growth through Hwy 77.
• Multifamily construction in Victoria remains limited, with little competing product entering the local market. Smaller markets like Victoria are posting rent growth while many major metros sit flat or negative.
• Situated in the 77904 zip code, the asset serves a large, affordability-driven renter base in a market where median rents have grown roughly 4–7% year-over-year, outpacing oversupplied Texas metros.
• The asset sits at the crossroads of US 59 (Future I-69), US 77, and US 87, with Loop 463 / the Zac Lentz Parkway ringing the city and quick access to I-10, I-35, and I-37 — placing Houston, San Antonio, Austin, and Corpus Christi each roughly two hours out.

Photos

Location

Agents

Broker of Record

Patrick Graham

License # 528005, 9005919 (TX)
Matthews Real Estate Investment Services, Inc
2699 Howell St., Suite 400, Dallas, TX 75204