4061 County Road 676 - Multi-Family FOR SALE


Devine, TX 78016
$600,000 USD
210-934-2244
4061 County Road 676, Devine, TX for Sale
$600,000 USD
Multi-Family - FOR SALE
1/1
null | Request Cap Rate

4061 County Road 676
Devine, TX 78016


HIGHLIGHTS

  • 28-unit value-add multifamily on 3.75 acres
  • Priced at $600K; appraised at $1.1M
  • All units 1BR/1BA; two mobile homes included
  • Current: 10 leased, $6,150/mo income
  • Heavy remodel + cleanup; expansion potential

OVERVIEW

Devine, TX – 28-Unit Value-Add Multifamily: Offered at $850,000 with a recent appraisal of $1,100,000, this 3.75-acre property includes 28 total 1BR/1BA units—two of which are mobile homes—all on year leases with no tenants behind on rent. Current performance reflects 10 occupied units generating $6,150 in monthly income. The asset requires a substantial clean-out and standardized renovation plan, with 5–6 dumpsters recommended, and offers strong upside through Section 8 lease-up, proven rent collections, and additional value creation opportunities such as a future laundromat or added units on-site.

FOR SALE DETAILS

PRICE

$600,000 USD

PRICE/SF

$183 USD /SF

# OF UNITS

28

PRICE/UNIT

$21,429

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1986

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

24662

ASK ABOUT THIS PROPERTY

Jonathon WebsterCaisson Real Estate Brokerage, LLCMore Info
210-934-2244

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Jonathon WebsterCaisson Real Estate Brokerage, LLCMore Info
210-934-2244

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.