640 E Pipkin St - Apartments FOR SALE


Beaumont, TX 77705- South Park
$950,000 USD
754-258-5750
640 E Pipkin St, Beaumont, TX for Sale
$950,000 USD
Apartments - FOR SALE
1/5
null | 7.71% Cap Rate

640 E Pipkin St
Beaumont, TX 77705
South Park


HIGHLIGHTS

  • 10-unit multifamily property offering significant upside potential with below-market rents and approximately $100/unit in rental growth.
  • Property has been recently updated, minimizing near-term capital expenditures and enhancing tenant appeal with fresh interior and exterior paint.
  • With continued economic expansion and belowmarket rents, the property is well-positioned for sustained rent appreciation and increased cash flow.
  • Located in Beaumont, TX, at the heart of the “Golden Triangle”—a thriving region of Southeast Texas known for its robust industrial, energy Etc.
  • Close to leading companies such as ENGlobal Corporation, ExxonMobil, Goodyear Tire & Rubber, Motiva Enterprises, and Valero Refining Group.
  • Regional economy anchored by key industries including healthcare, oil & gas, electricity generation, agriculture, and education.

OVERVIEW

Sands Investment Group is pleased to exclusively offer for sale the Pipkin Apartments, a 10-unit multifamily property located at 640 E Pipkin St in Beaumont, TX. With a favorable unit mix, this 10-unit multifamily property in Beaumont, TX, presents a strong value-add investment opportunity, with current below-market rents and an estimated $100 per unit in achievable rental upside. The asset features a desirable mix of one and two-bedroom units, appealing to a broad tenant base in a high-demand rental market. Recent renovations include fresh interior and exterior paint, new doors, new flooring, an updated roof, new stoves and refrigerators, and upgraded plumbing and electrical systems. With continued economic expansion in the area, the property is well-positioned for sustained cash flow and rental growth. In Cooperation With Sands Investment Group Austin, LLC - Lic. #9004706 BoR: Max Freedman - Lic. TX #644481

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$185 USD /SF

# OF UNITS

10

PRICE/UNIT

$95,000

CAP RATE

7.71%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pipkin Apartments - Beaumont, TX

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1978

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

N/A

APN/PARCEL ID

025950-000-003900-00000

ASK ABOUT THIS PROPERTY

Andy JonesSands Investment GroupMore Info
754-258-5750

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Andy JonesSands Investment GroupMore Info
754-258-5750

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