Well-located 12-unit value-add multifamily with strong in-place cash flow and clear rent growth upside | Opportunity to buy another 12 unit complex only 15 minutes away | Offers requested.
12-unit value-add multifamily asset located in Silsbee, TX within the supply-constrained Hardin County / NW Beaumont submarket. Built in 1983, the property features two-story buildings with a simple all-2BR/1BA unit mix (~922 SF avg.) and 92% occupancy. Average in-place rents of $839/unit remain well below market rents of approx. $950, providing clear upside through interior upgrades, lease-up of remaining vacancy, and improved management. Trailing 12-month operations reflect a strong 52% NOI margin, offering immediate cash flow with meaningful long-term value creation. Opportunity to buy another 12 unit complex only 15 minutes away. Can be sold together or individually.