Texas Rental Package
690 Adams Street, Beaumont, TX
18.90% return
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Property Description

Don't Miss Out On This Texas Rental Portfolio! 96 Units Only $20k/Door These Properties Are Next To Lamar University, One Of The Finest Public Schools In The State. Only An Hour And A Half Away From Houston,Tx, This City Has High Per Capita Income And High Population Growth. City Of Beaumont Is Home Of The South Texas State Fair And Rodeo. High Cap Rates Are Easily Achievable. Tons Of Industry In Town. Texas Has No State Income Tax And Some Of The Nation’s Best Real Estate Laws, Which Makes It A Great State To Be A Landlord In. The Properties Are Severely Discounted. Separate Electric Meters. Perfect Value Add Opportunity. Private Financing And Professional Property Management Are Available. Great For An Out Of State Investor!

Property Information

  • Listing statusPending
  • Property typeMulti Family
  • Total units96
  • Total bedrooms128
  • Total bathrooms100
  • Building size(unknown)
  • Lot size3.6 acres
  • Year built1962 - 1978
  • CountyJefferson County
  • SubdivisionHACKETT
  • ConstructionBrick/Frame, Brick, Masonry/Frame, Frame
  • RoofShingle
  • Water sourceCity
  • Water disposalSewer
  • HeatingCentral, AIR DUCTED, Wall unit
  • CoolingCentral, 7, Wall A/C

Property Financial Summary

  • Asking price $2,000,000
  • Estimated rehab 1 $480,000
  • Total investment $2,480,000
  • Type Proforma
  • After repair value $3,072,000
  • Potential profit $592,000
  • Gross income (annually) $660,000
  • Operating expenses (annually) $191,393
  • Net income (annually) $468,607
  • Gross return 26.61%
  • Gross income (monthly) $55,000
  • Operating expenses (monthly) $15,949
  • Net income (monthly) $39,051
  • Net return 18.90%

Property Income & Expenses

  • Income
  • 690 Adams Street, 12 Units
  • Unit 1: 1 bed / 1 bath $500/month $6,000/year
  • Unit 2: 1 bed / 1 bath $500/month $6,000/year
  • Unit 3: 1 bed / 1 bath $500/month $6,000/year
  • Unit 4: 1 bed / 1 bath $500/month $6,000/year
  • Unit 5: 1 bed / 1 bath $500/month $6,000/year
  • Unit 6: 1 bed / 1 bath $500/month $6,000/year
  • Unit 7: 2 bed / 1 bath $700/month $8,400/year
  • Unit 8: 2 bed / 1 bath $700/month $8,400/year
  • Unit 9: 2 bed / 1 bath $700/month $8,400/year
  • Unit 10: 2 bed / 1 bath $700/month $8,400/year
  • Unit 11: 2 bed / 1 bath $700/month $8,400/year
  • Unit 12: 2 bed / 1 bath $700/month $8,400/year
  • 3755 Natalie Street, 20 Units
  • Unit 1: 2 bed / 1 bath $700/month $8,400/year
  • Unit 2: 2 bed / 1 bath $700/month $8,400/year
  • Unit 3: 2 bed / 1 bath $700/month $8,400/year
  • Unit 4: 2 bed / 1 bath $700/month $8,400/year
  • Unit 5: 2 bed / 1 bath $700/month $8,400/year
  • Unit 6: 2 bed / 1 bath $700/month $8,400/year
  • Unit 7: 2 bed / 1 bath $700/month $8,400/year
  • Unit 8: 2 bed / 1 bath $700/month $8,400/year
  • Unit 9: 2 bed / 1 bath $700/month $8,400/year
  • Unit 10: 2 bed / 1 bath $700/month $8,400/year
  • Unit 11: 2 bed / 1 bath $700/month $8,400/year
  • Unit 12: 2 bed / 1 bath $700/month $8,400/year
  • Unit 13: 1 bed / 1 bath $500/month $6,000/year
  • Unit 14: 1 bed / 1 bath $500/month $6,000/year
  • Unit 15: 1 bed / 1 bath $500/month $6,000/year
  • Unit 16: 1 bed / 1 bath $500/month $6,000/year
  • Unit 17: 1 bed / 1 bath $500/month $6,000/year
  • Unit 18: 1 bed / 1 bath $500/month $6,000/year
  • Unit 19: 1 bed / 1 bath $500/month $6,000/year
  • Unit 20: 1 bed / 1 bath $500/month $6,000/year
  • 655 Adams Street, 12 units
  • Unit 1: 2 bed / 1 bath $700/month $8,400/year
  • Unit 2: 2 bed / 1 bath $700/month $8,400/year
  • Unit 3: 2 bed / 1 bath $700/month $8,400/year
  • Unit 4: 2 bed / 1 bath $700/month $8,400/year
  • Unit 5: 2 bed / 1 bath $700/month $8,400/year
  • Unit 6: 2 bed / 1 bath $700/month $8,400/year
  • Unit 7: 2 bed / 1 bath $700/month $8,400/year
  • Unit 8: 2 bed / 1 bath $700/month $8,400/year
  • Unit 9: 2 bed / 1 bath $700/month $8,400/year
  • Unit 10: 2 bed / 1 bath $700/month $8,400/year
  • Unit 11: 2 bed / 1 bath $700/month $8,400/year
  • Unit 12: 2 bed / 1 bath $700/month $8,400/year
  • 893 Campus Street, 10 Units
  • Unit 1: 1 bed / 1 bath $500/month $6,000/year
  • Unit 2: 1 bed / 1 bath $500/month $6,000/year
  • Unit 3: 1 bed / 1 bath $500/month $6,000/year
  • Unit 4: 1 bed / 1 bath $500/month $6,000/year
  • Unit 5: 1 bed / 1 bath $500/month $6,000/year
  • Unit 6: 1 bed / 1 bath $500/month $6,000/year
  • Unit 7: 1 bed / 1 bath $500/month $6,000/year
  • Unit 8: 1 bed / 1 bath $500/month $6,000/year
  • Unit 9: 1 bed / 1 bath $500/month $6,000/year
  • Unit 10: 1 bed / 1 bath $500/month $6,000/year
  • 950 Campus Street, Single Family House
  • Unit 1: 3 bed / 2 bath $900/month $10,800/year
  • 905 Campus Street, 10 Units
  • Unit 1: 1 bed / 1 bath $500/month $6,000/year
  • Unit 2: 1 bed / 1 bath $500/month $6,000/year
  • Unit 3: 1 bed / 1 bath $500/month $6,000/year
  • Unit 4: 1 bed / 1 bath $500/month $6,000/year
  • Unit 5: 1 bed / 1 bath $500/month $6,000/year
  • Unit 6: 1 bed / 1 bath $500/month $6,000/year
  • Unit 7: 1 bed / 1 bath $500/month $6,000/year
  • Unit 8: 1 bed / 1 bath $500/month $6,000/year
  • Unit 9: 1 bed / 1 bath $500/month $6,000/year
  • Unit 10: 1 bed / 1 bath $500/month $6,000/year
  • 1186 Oregon Avenue, 6 units
  • Unit 1: studio / 1 bath $400/month $4,800/year
  • Unit 2: studio / 1 bath $400/month $4,800/year
  • Unit 3: studio / 1 bath $400/month $4,800/year
  • Unit 4: studio / 1 bath $400/month $4,800/year
  • Unit 5: studio / 1 bath $400/month $4,800/year
  • Unit 6: studio / 1 bath $400/month $4,800/year
  • 170 Clark Street, 4 untis
  • Unit 1: 1 bed / 1 bath $500/month $6,000/year
  • Unit 2: 1 bed / 1 bath $500/month $6,000/year
  • Unit 3: 1 bed / 1 bath $500/month $6,000/year
  • Unit 4: 1 bed / 1 bath $500/month $6,000/year
  • 975 Woodrow Street, 18 Units
  • Unit 14: 1 bed / 1 bath $500/month $6,000/year
  • Unit 15: 1 bed / 1 bath $500/month $6,000/year
  • Unit 16: 1 bed / 1 bath $500/month $6,000/year
  • Unit 17: 1 bed / 1 bath $500/month $6,000/year
  • Unit 18: 1 bed / 1 bath $500/month $6,000/year
  • Unit 19: 1 bed / 1 bath $500/month $6,000/year
  • Unit 20: 1 bed / 1 bath $500/month $6,000/year
  • Unit 21: 1 bed / 1 bath $500/month $6,000/year
  • Unit 22: 1 bed / 1 bath $500/month $6,000/year
  • Unit 23: 1 bed / 1 bath $500/month $6,000/year
  • Unit 24: 1 bed / 1 bath $500/month $6,000/year
  • Unit 25: 1 bed / 1 bath $500/month $6,000/year
  • Unit 26: 1 bed / 1 bath $500/month $6,000/year
  • Unit 27: 1 bed / 1 bath $500/month $6,000/year
  • Unit 28: 1 bed / 1 bath $500/month $6,000/year
  • Unit 29: 1 bed / 1 bath $500/month $6,000/year
  • Unit 30: 1 bed / 1 bath $500/month $6,000/year
  • Unit 31: 1 bed / 1 bath $500/month $6,000/year
  • 130 Clark Street, 130 Clark, Beaumont TX
  • Unit 130 Clark: 3 bed / 2 bath $900/month $10,800/year
  • 130 Clark Street, 140 Clark, Beaumont TX
  • Unit 140 Clark: 3 bed / 2 bath $900/month $10,800/year
  • 130 Clark Street, 4655 Highland, Beaumont TX
  • Unit 4655 Highland: 3 bed / 2 bath $900/month $10,800/year
  • Total $55,000/month $660,000/year
  • Expenses
  • Property Taxes $4,090/month $49,076/year
  • Insurance $4,188/month $50,250/year
  • Water and Sewer $3,350/month $40,200/year
  • Waste Collection $600/month $7,200/year
  • Maintenance reserve $3,722/month $44,667/year
  • Total $15,949/month $191,393/year

Property Questions & Answers

Q: How do I make an offer on this property?
A: Placing an offer is a simple process. All offers must be presented in writing with an escrow deposit of 10% or $5,000, whichever is larger. Escrow has to be sent to the attorney or title company who is handling the file for this property. Please send us an inquiry and one of our team members will get in touch with you to further assist you. You can also give us a call.

Q: Does this property come with clear title?
A: All our properties come with clear title. We highly recommend you purchase title insurance as well.

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