2420 South 6th Street, Kingsville, TX 78363

INVESTMENT HIGHLIGHTS 

• $8K+ Per Unit in Exterior Capex | Pride of Ownership Throughout Current ownership has invested over $8,000 per unit in transformative exterior upgrades, including:

  Current ownership has invested over $8,000 per unit in transformative exterior upgrades, including: 

  • New laundry facility
  • Security Cameras and LED lighting (both are present throughout the property)
  • Fresh siding and balcony repairs
  • New Roofs on all buildings
  • High capacity gutters on all buildings
  • Turfed courtyard and upgraded patio areas These improvements reflect exceptional pride of ownership and position Kingsman as one of the most well-maintained assets in its vintage across the submarket.
  • Detailed Capex summary in the deal room

• Consistently Strong Occupancy & Stellar Online Reputation

  • Kingsman maintains high occupancy driven by durable demand anchors and professional management. The property boasts exceptional Google reviews, with residents praising the upgraded amenities, responsive staff, and overall quality of life—an increasingly rare combination in this asset class.
  • 10% new lease tradeouts and 4% renewal growth.

• Premium Unit Renovations | Market-Leading Finish Package

  • Unlike typical offerings in Kingsville, Kingsman features many premium renovated units with:
  • Granite countertops
  • Brand-new cabinetry
  • Stylish backsplash upgrades. These finishes are uncommon in the market and offer a clear competitive edge for leasing velocity and rent premiums.
  • Management upside differentiating pricing between upgrade levels.

• Untapped Value-Add Levers | Operational Upside

  • Future ownership can unlock significant NOI growth through:
  • Implementing bulk cable/internet contracts
  • Monetizing reserved parking and carports
  • Leasing the ready-to-go model unit behind the office Additionally, current out-of-town ownership has not optimized expense oversight—creating immediate opportunities for improved efficiency and margin expansion.

• High Renter % & Limited New Supply

  With over 45% of Kingsville housing units renter-occupied—well above the state average—and minimal new multifamily development, Kingsman is positioned for long-term occupancy and rent stability.

• Anchored by Education, Military & Healthcare

  • Kingsman benefits from a stable renter base supported by:
  • Texas A&M University–Kingsville (6,900 students)
  • Naval Air Station Kingsville ($1B Economic Impact)
  • Celanese
  • The King Ranch
  • CHRISTUS Spohn Hospital – These institutions drive consistent demand from students, faculty, enlisted personnel, and medical professionals.

   

• population - kingsville msa

  The Kingsville MSA is a part of the larger Corpus Christi-Kingsville-Alice combined statistical area (CSA), which had an estimated 2023 population of 535,257.

• Educated Population & Affordable Living

  Nearly 30% of residents over age 25 hold a bachelor’s degree or higher, thanks to the university’s presence. Kingsville’s below-average cost of living supports long-term affordability and tenant retention.

• Strategic Location Along US-77 Growth Corridor

  Kingsville offers direct access to Corpus Christi and the Rio Grande Valley, connecting residents to regional employment hubs in logistics, energy, and agriculture.

LOCATION

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