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Additional details
$ 760,000
Est. payment /mo
Price Dropped by $130K
875 Neches Beaumont, TX 77701
4,520 SqFt
UPDATED:
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 $168
Subdivision Tx
MLS Listing ID 257828
Lot Dimensions 3600sf
Property Sub-Type Rooming House
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 -- 9000010