There are 4 units in this property. The 7990, 7992, 7994, and 7995 Gladys Properties have 4 units out of a total of 16 units. These units are all 2 Bedrooms with one bath. They were recently remodeled in 2005. There is a 100% occupancy. The appliances in the units are owned by the seller and will transfer over with the sale of each property. The cap rate does include taxes along with insurance but they lack debt services and any repair expenses
that might occur.
This Gladys property is located off Gladys which is between Dowlen and Delaware Street. This area is in the prime growing west end area of Beaumont, Texas. The city of Beaumont is located in the Golden Triangle metro area and is near the Gulf of Mexico coastline. There are crossroads of I-10 and highways 69, 90, 96, and 287. Beaumont is a growing area and is only 90 miles from Houston. It is 25 miles from the Louisiana border. The petrochemical industry is thriving in this area with many plant expansions. There are over 500 permanent job opportunities in this area along with many temporary construction opportunities. Approximately 10,000 temporary jobs are available in this thriving area. There is also a diverse mix of other business and industry job opportunities including medical, retail, operations and other office service centers job opportunities.
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