2385 Broadway St, Beaumont, TX 77702

Property Overview

12-Unit Apartment Complex

5,772 sqft

21 beds, 13 baths

1929 build

Lot Size: 11,250 sqft

Property Details

This property has HUGE value add potential! The property needs a good amount of work, but the potential cash flow is HUGE! See below for current unit mix and rents.

Rent Details

Current Gross Monthly Rent: $900

Potential Gross Monthly Rent: $10,400+

Rental Info

Unit 1

1x1

Current Rent: $450

Potential Rent: $750

Lease End: month to month

Tenant utilities except water

Unit 2

1x1

Current Rent: $450

Potential Rent: $750

Lease End: month to month

Tenant utilities except water

Unit 3

1x1

Current Rent: Vacant

Potential Rent: $750

Lease End: month to month

Tenant utilities except water

Unit 4

1x1

Current Rent: Vacant

Potential Rent: $750

Lease End: month to month

Tenant utilities except water

Unit 5

2x1

Current Rent: Vacant

Potential Rent: $925

Lease End: month to month

Tenant utilities except water

Unit 6

2x1

Current Rent: Vacant

Potential Rent: $925

Lease End: month to month

Tenant utilities except water

Unit 7

2x1

Current Rent: Vacant

Potential Rent: $925

Lease End: month to month

Tenant utilities except water

Unit 8

2x1

Current Rent: Vacant

Potential Rent: $925

Lease End: month to month

Tenant utilities except water

Unit 9

2x1

Current Rent: Vacant

Potential Rent: $925

Lease End: month to month

Tenant utilities except water

Unit 10

2x1

Current Rent: Vacant

Potential Rent: $925

Lease End: month to month

Tenant utilities except water

Unit 11

2x1

Current Rent: Vacant

Potential Rent: $925

Lease End: month to month

Tenant utilities except water

Unit 12

2x1

Current Rent: Vacant

Potential Rent: $925

Lease End: month to month

Tenant utilities except water

Property Condition

Roof needs replacement

Foundation needs attention on one particular side of the building

Misc updates throughout the rest of the building

More Photos

https://www.dropbox.com/sh/hhsawlk2d9slwwh/AAB6XdEC8eEY_TasRwOYxlJ3a?dl=0

Asking Price: $199,000

Closing Date: Flexible

Call or text Holly for more details on this 🌋HOT DEAL!🌋 (210) 861-0922

Click the BUY IT NOW button to lock this one down and avoid bidding wars ⚔️⚔️