782 Pinchback Rd - Apartments FOR SALE


Beaumont, TX 77707- Safe Sommerset
$360,000 USD
409-673-6057
782 Pinchback Rd, Beaumont, TX for Sale
$360,000 USD
Apartments - FOR SALE
1/17
null | 12.67% Cap Rate

782 Pinchback Rd
Beaumont, TX 77707
Safe Sommerset


HIGHLIGHTS

  • Quiet Neighborhood Setting
  • 100% Occupied
  • Great Starter Investment Property!

OVERVIEW

The Pinchback Apartments offers a rare opportunity to purchase a well established 4 Plex that has been recently remodeled and is well maintained in the West End of Beaumont, Texas.Zoned Residential, which will facilitate favorable third party appraisals for buyer financing. ? The property is located on the West side of Pinchback, 3 blocks off of College Street and 4 Blocks off of Calder, in a well established neighborhood and in close proximity to the Beaumont Municipal Athletic Complex, the Beaumont Municipal Tennis Center and City Park. There is a city of Beaumont Municipal Transit stop at the corner of College Street and Pinchback making a trip line to downtown attractions and Main Retail Sectors accessible within moments. ? Major business clusters in Beaumont-Port Arthur area include chemical and petroleum manufacturing, materials manufacturing and transportation. Major employers in Beaumont-Port Arthur include ENGlobal Corporation, ExxonMobil, Goodyear Tire & Rubber, Motiva Enterprises and Valero Refining Group. ? Pinchback Apartments offer 4 multifamily units that are beautifully up to date with open living area floor plans, neutral colors and natural lighting offering a cool and current feel. All 2 bedroom, 1 1/2 Baths, Washer and Dryer hookups, back patio area with new fencing throughout and kitchen appliances. ? Residents are enrolled in the Resident Benefits Package (RBP) for $50/month which includes liability insurance, credit building to help boost the resident’s credit score with timely rent payments, HVAC air filter delivery, move-in concierge service making utility connection and home service setup a breeze during the move-in, on-demand pest control, and much more! This amount is included in the current advertised rental amount. These benefits provide protection for the landlord and tenant, enhancing the properties' experience. ? The property is being offered at $360,000.00 with a psf price of $114.94psf for the entire building and $90,000 per unit which is well below replacement cost. Replacement costs in the area are upwards of $200.00 psf! Green space for expansion.

FOR SALE DETAILS

PRICE

$360,000 USD

PRICE/SF

$115 USD /SF

# OF UNITS

4

PRICE/UNIT

$90,000

CAP RATE

12.67%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1968

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.58 AC

LAND SF

25,338 SF

ZONING

LI

APN/PARCEL ID

016500-000-003450-00000

ASK ABOUT THIS PROPERTY

Tammiey LinscombColdwell Banker Commercial Arnold and AssociatesMore Info
409-673-6057

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Tammiey LinscombColdwell Banker Commercial Arnold and AssociatesMore Info
409-673-6057

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