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.