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875 Neches

Beaumont, TX 77701
  • $1,160,164
  • STATUS: Active
  • ON SITE: 96 Days
  • MLS #: 245705
UPDATED: 170 min ago
$1,160,164
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,520
    SQFT
  • $257
    $/SQFT
Neighborhood:
Type:
Multi-Family
Area:

School Ratings & Info

School District:

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 $159,360. NOI after tax and insurance is $138,738. 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 8.5% cap rate at list price! Contact agent to coordinate showing and review files.

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© 2024 Beaumont Board of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or TEAM Dayna Simmons Real Estate. The data relating to real estate for sale or lease on this web site comes in part from Beaumont Board of Realtors. Real estate listings held by brokerage firms other than TEAM Dayna Simmons Real Estate are marked with the broker reciprocity logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated: 2024-05-26T23:01:34.457.
www.dsre.com/homes/147745898
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875 Neches Beaumont, TX 77701

  • Price: $1,160,164
  • Status: Active
  • On Site: 96 Days
  • Updated: 170 min ago
  • MLS #: 245705
0
Beds
0
Baths
0
½ Baths
N/A
Acres
4,520
SQFT
$257
$/SQFT
Neighborhood:
Other
Area:
S Beaumont 1
School District:
Beaumont Sd
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 $159,360. NOI after tax and insurance is $138,738. 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 8.5% cap rate at list price! Contact agent to coordinate showing and review files.
Exterior Features

Construction Vinyl Siding Entrance To Unit Common Lot Size 3600sf Parking Facilities On SitePaved Area Roof Composition Shingle

Interior Features

Appliances DishwasherMicrowaveRange/OvenRefrigerator Baths Common or Shared Foundation Slab Interior Features Cable TVCeiling Fan(s)Vinyl Floors Number Of1 Bed Units 23 Number Of2 Bed Units 0 Number Of3 Bed Units 0 Stories Two

Property Features

Age 31 Yrs. and Older Annual Tax $7578 For Sale Or Rent For Sale Included In Rent ElectricityTrash Collect.Water/Sewer Included Items tenants' personal items Maintenance Fee Amount 0 Multifamily Property Type Rooming House On File Lease(s)Photo(s)Tenant(s) List Sq Ft Source Appraisal District Type Tenancy 1 Yr. Lease6 Month LeaseMonth to Month Water Sewer City SewerCity Water Will Sell CashConventional

[Beaumont Board of Realtors] logoListing information © 2024 Beaumont Board of Realtors.
Listing provided courtesy of John Arcana of RE/MAX ONE: 409-860-3200.



© 2024 Beaumont Board of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or TEAM Dayna Simmons Real Estate. The data relating to real estate for sale or lease on this web site comes in part from Beaumont Board of Realtors. Real estate listings held by brokerage firms other than TEAM Dayna Simmons Real Estate are marked with the broker reciprocity logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated: 2024-05-26T23:01:34.457.
 
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TEAM Dayna Simmons Real Estate
975 Interstate 10N
Beaumont TX, 77706