Sea Breeze Village Apartments

233 Alcoa Dr,
Port Lavaca, TX 77979

 

$4,200,000
Price
72
Number of Units
$58,333
Price Per Unit
75,889
Building SF
7.33%
Cap Rate
280,901
Land SF
$4,200,000
Price
72
Number of Units
$58,333
Price Per Unit
75,889
Building SF
7.33%
Cap Rate
280,901
Land SF

  • Onyx Legacy Group is proud to announce the Sea Breeze Village apartments. Sea Breeze offers a rare opportunity to acquire a stabilized LIHTC community in a supply-constrained Gulf Coast city. With strong tenant demand, tax credit benefits, and limited competition, this investment offers a mission-driven path to reliable, risk-adjusted returns. Sea Breeze Village Apartments are located at 233 Alcoa Drive; Sea Breeze offers 72 garden-style units across two stories. Floor plans include 2-bedroom/1-bath (915 sq. ft.), 2-bedroom/2-bath (964 sq. ft.), and 3-bedroom/2-bath (1,086 sq. ft.) layouts. The property features amenities such as high-speed internet, on-site laundry facilities, a playground, and a basketball court. Utilities like water, sewer, and trash removal are included in the rent, enhancing tenant appeal.
  • The LIHTC designation ensures long-term rental demand and limits new affordable supply entering the market, especially in smaller secondary and tertiary cities like Port Lavaca where new construction is often economically unfeasible. As a result, Sea Green maintains high occupancy and offers consistent cash flow with minimal marketing expense. The combination of stabilized operations, outsized unit sizes, and a strong rent-to-income ratio make this asset especially compelling for affordable housing investors or yield-focused buyers seeking a defensible asset in a stable coastal market. Investing in Sea Breeze Village Apartments offers a strategic entry into the Port Lavaca real estate market, characterized by affordability, community amenities, and coastal charm. While considerations such as weather-related risks exist, the property's features and market conditions present a balanced investment opportunity.

  • Port Lavaca is a scenic Gulf Coast city situated between Houston and Corpus Christi, offering a unique blend of affordability, economic stability, and coastal charm. Known for its laid-back lifestyle and proximity to Lavaca Bay, the area is especially attractive to working-class families and retirees seeking affordable waterfront living. The city is supported by major employers in the petrochemical industry, port logistics, and seafood production, providing a solid employment base for residents. Port Lavaca also enjoys a recreational appeal, with beaches, boating, and fishing drawing consistent seasonal traffic, further enriching the quality of life. Multifamily competition in the area remains limited compared to larger metropolitan markets, creating a strong moat around well-positioned assets like Sea Breeze Village.
  • Located at 233 Alcoa Drive, Sea Breeze Village offers residents convenient access to everyday amenities while maintaining the feel of a small, tight-knit community. The property sits within the Calhoun County Independent School District, near Jackson/Roosevelt Elementary, Travis Middle School, and Calhoun High School. It’s also just minutes from local dining favorites like Bayside Seafood and Texas Traditions Grill, as well as retail conveniences at Lavaca Bay Center and Walmart. All of this makes Sea Breeze Village a strategically located, high-demand affordable housing community in a supply-constrained coastal market.
FOR MORE DETAILS CONTACT
Mark Allen, CCIM
Managing Principal
(817) 723-4274
Mallen@onyxlg.com
589645
Courtland Charles
Managing Principal
(214) 403-9153
ccharles@onyxlg.com
673649