875 Neches St, Beaumont, TX 77701
FOR SALE

875 Neches St
Beaumont, TX 77701

College Corridor
  • 23 Beds
  • 4,520 sqft
  • 23 Beds
  • 4,520 sqft

$1,498,000

Est. Mortgage $10,056/mo*
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Local Information

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Description

Unique opportunity to own this multi-unit property with amazing cashflow! 23 unit property, all individual rooms, currently only 1 unit not occupied. At full occupancy: Gross annual income of $159,360. NOI after tax and insurance is $138,738. All utilities paid for by owner (roughly $11k in 2023). There are 4 bathrooms and 2 kitchens shared. Rent roll and P&L on file. Roughly 8.5% cap rate at list price! Contact agent to coordinate showing and review files.

Home Highlights

Parking
No Info
Outdoor
No Info
A/C
Contact Manager
HOA
None
Price/Sqft
$331
Listed
68 days ago

Home Details for 875 Neches St

Interior Features

Interior Details
Number of Rooms: 1Types of Rooms: Bathroom
Beds & Baths
Number of Bedrooms: 23
Dimensions and Layout
Living Area: 4520 Square Feet
Appliances & Utilities
Utilities: Cable AvailableAppliances: Dishwasher, Microwave, Range/Oven, RefrigeratorDishwasherMicrowaveRefrigerator
Windows, Doors, Floors & Walls
Flooring: Vinyl
Levels, Entrance, & Accessibility
Stories: 2Levels: TwoEntry Location: CommonFloors: Vinyl

Exterior Features

Exterior Home Features
Roof: Composition ShingleFoundation: Slab
Parking & Garage
No CarportNo GarageParking: On Site,Paved
Water & Sewer
Sewer: City Sewer

Days on Market

Days on Market: 68

Property Information

Property Type / Style
Property Type: Residential IncomeProperty Subtype: Rooming House
Building
Construction Materials: Vinyl Siding
Property Information
Condition: 31 Yrs. and OlderIncluded in Sale: tenants' personal items

Price & Status

Price
List Price: $1,498,000Price Per Sqft: $331

Active Status

MLS Status: Active

Location

Direction & Address
City: BeaumontCommunity: OTHER
School Information
Elementary School District: Beaumont SDJr High / Middle School District: Beaumont SDHigh School District: Beaumont SD

Agent Information

Listing Agent
Listing ID: 245705

Building

Building Area
Building Area: 4520 Square Feet

Lot Information

Lot Area: 3600 sqft

Listing Info

Special Conditions: Standard

Offer

Listing Terms: Cash, Conventional

Compensation

Buyer Agency Commission: 2.5Buyer Agency Commission Type: %
Notes
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed

Rental

Rent Includes: Electricity, Trash Collection, Water/Sewer

Miscellaneous

Mls Number: 245705
Last check for updates: about 19 hours ago
Listing courtesy of John Arcana, (409) 656-8267
RE/MAX ONE
Source: BBOR, MLS#245705

Price History for 875 Neches St

DatePriceEventSource
02/20/2024$1,498,000Listed For SaleBBOR #245705

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Property Taxes and Assessment

Year2023
Tax$7,579
Assessment$315,361
Home facts updated by county records

Neighborhood Overview

College Corridor
See Local Highlights
Neighborhood stats provided by third party data sources.

LGBTQ Local Legal Protections

John Arcana, RE/MAX ONE
All information provided is deemed reliable but is not guaranteed. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
875 Neches St, Beaumont, TX 77701 is a 23 bedroom, 4,520 sqft multi-family. 875 Neches St is located in College Corridor, Beaumont. This property is currently available for sale and was listed by BBOR on Feb 20, 2024. The MLS # for this home is MLS# 245705.