875 NECHES ST
BEAUMONT, TX 77701

$1,160,164

N/A Beds

0 Baths

4,520 Sq Ft

Status Active

MLS# 245705

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.

Details for 875 NECHES ST

$257 / Sq Ft

93 Days on website

Interior

Appliances

Dishwasher, Microwave, Range/Oven, Refrigerator

Interior Features

Cable Tv, Ceiling Fan(s), Vinyl Floors

Living Area

4,520 SqFt.

Building And Construction

Property Sub Type

Multi Family

Property Type

Residential Income

Exterior And Lot

Parking Features

On Site, Paved Area

Area And Schools

City

Beaumont

School District

Beaumont Sd

Financial Info

Buyer Agency Compensation^*

2.5%

^*The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Tax Annual Amount

$7,578.00

Price per square foot and days on website are not provided values and are calculated by RE/MAX.

Listing Agent

John Arcana

Listing Office

RE/MAX ONE, 409-860-3200

Updated

4:00am UTC- 5/23/2024

The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Beaumont Board of REALTORS®. Information deemed reliable but not guaranteed. 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. Copyright © 2024 Beaumont Board of REALTORS®. All Rights Reserved.