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.
For sale
Price cut: $130K (9/26)
$760,000
875 Neches St, Beaumont, TX 77701
23beds
--baths
4,520sqft
Est.:
Rooming House
Built in ----
-- sqft lot
$-- Zestimate®
$168/sqft
$-- HOA
What's special
Individual rooms
- 175 days |
- 216 |
- 12 |
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