800 Pine St - Apartments FOR SALE


Hearne, TX 77859
$775,000 USD
979-431-4400
800 Pine St, Hearne, TX for Sale
$775,000 USD
Apartments - FOR SALE
1/21
null | 6.1% Cap Rate

800 Pine St
Hearne, TX 77859


OVERVIEW

Introducing a highly desirable 8-unit multi-family property offered at 6.1 CAP, expecting 7.5 CAP in 2026 with lower tax rate and increased rents. The property consists of two updated quadplexes centrally located in Hearne, Texas with easy access to everything in town and only 20 minutes from Bryan-College Station. A great value-add property with units currently averaging $850 per month, with a 5-10% increase opportunity at renewal. Low vacancy rates and expense ratios drive more dollars to the bottom line providing stable cash flow for the investor. The property boasts new roofs, and covered parking for all tenants, lawn care and outdoor lighting included.

FOR SALE DETAILS

PRICE

$775,000 USD

PRICE/SF

$111 USD /SF

# OF UNITS

8

PRICE/UNIT

$96,875

CAP RATE

6.1%

% 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

1980

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,860 SF

ZONING

-

APN/PARCEL ID

080000-010200

ASK ABOUT THIS PROPERTY

Landon AllenRiverstone Companies, LLCMore Info
979-431-4400

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Landon AllenRiverstone Companies, LLCMore Info
979-431-4400

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