893 Campus Street, Beaumont, TX
13.39% return
SP:
Video Photos Street View Map
The slide show is now full screen. Push Escape to exit. You can use the left/right arrows and Home/End buttons to navigate the images.
Slideshow image 1
Slideshow image 2
Slideshow image 3
Slideshow image 4
Slideshow image 5
Slideshow image 6
Slideshow image 7
Slideshow image 8
Slideshow image 9

Property Description

10 Units In TX This Property Is 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 Income And High Population Growth. City Of Beaumont Home Of The South Texas State Fair And Rodeo. High Cap Rates Are Easily Achievable. Tons Of Industry And High Per Capital Income. Texas Has No State Income Tax Along With Great Real Estate Laws. Separate Electric Meters. Perfect Value Add Opportunity. Private Financing Is Also Available. Professional Property Management Is Available. Great For An Out Of State Investor! Building Can Be Purchased In A Package.

Property Information

  • Listing statusSold
  • Property typeMulti Family
  • Total units10
  • Total bedrooms10
  • Total bathrooms10
  • Building size5520 sq. ft.
  • Lot size0.3 acres
  • Year built1968
  • CountyJefferson County
  • SubdivisionNELSON TO BEAUMONT
  • ConstructionBrick/Frame
  • RoofAsphalt Shingle
  • Water sourceCity water
  • Water disposalSewer
  • HeatingCentral
  • CoolingCentral air

Property Financial Summary

  • Sale price$280,000
  • Estimated rehab1$20,833
  • Total investment$300,833
  • TypeProforma
  • After repair value$320,000
  • Potential profit$19,167
  • Gross income (annually)$60,000
  • Operating expenses (annually)$19,709
  • Net income (annually)$40,291
  • Gross return19.94%
  • Gross income (monthly)$5,000
  • Operating expenses (monthly)$1,642
  • Net income (monthly)$3,358
  • Net return13.39%

Property Income & Expenses

  • Income
  • Unit 101: 1 bed / 1 bath$500/month$6,000/year
  • Unit 102: 1 bed / 1 bath$500/month$6,000/year
  • Unit 103: 1 bed / 1 bath$500/month$6,000/year
  • Unit 104: 1 bed / 1 bath$500/month$6,000/year
  • Unit 105: 1 bed / 1 bath$500/month$6,000/year
  • Unit 201: 1 bed / 1 bath$500/month$6,000/year
  • Unit 202: 1 bed / 1 bath$500/month$6,000/year
  • Unit 203: 1 bed / 1 bath$500/month$6,000/year
  • Unit 204: 1 bed / 1 bath$500/month$6,000/year
  • Unit 205: 1 bed / 1 bath$500/month$6,000/year
  • Total$5,000/month$60,000/year
  • Expenses
  • Property Taxes$226/month$2,711/year
  • Insurance$100/month$1,198/year
  • Maintenance reserve$667/month$8,000/year
  • Water and Sewer$500/month$6,000/year
  • Waste Collection$150/month$1,800/year
  • Total$1,642/month$19,709/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.

Property Tools

 Print
Copyright by Real Pro, Inc 2024 . All Rights Reserved.