Beaumont, TX 77701,875 Neches
Beaumont, TX 77701,875 Neches
Beaumont, TX 77701,875 Neches
Beaumont, TX 77701,875 Neches
Beaumont, TX 77701,875 Neches
Beaumont, TX 77701,875 Neches
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$ 989,000
Est. payment | /mo

4,520 SqFt


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$ 989,000
Est. payment | /mo
Save

4,520 SqFt

Key Details

Property Type Multi-Family

Sub Type Rooming House

Listing Status Active

Purchase Type For Sale

Square Footage 4,520 sqft

Price per Sqft $218

Subdivision Tx

MLS Listing ID 252919

Lot Dimensions 3600sf

Property Description

Unique opportunity to own this multi-unit property with amazing cashflow! 23 unit property, all individual rooms, currently only 1 unit not occupied. At full occupancy: Gross annual income of $160,200. NOI after tax and insurance is $128,578.05. All utilities paid for by owner (roughly $11k in 2023). There are 4 bathrooms and 2 kitchens shared. Rent roll and P&L on file. Roughly 13% cap rate at list price! Contact agent to coordinate showing and review files.

Location

State TX

Area S Beaumont 1

Exterior

Roof Type Composition Shingle

Building

Story Two

Foundation Slab

Sewer City Sewer, City Water

Water City Sewer, City Water

Structure Type Vinyl Siding

Schools

School District Beaumont Sd

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Listed by RE/MAX ONE
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875 Neches