782 Pinchback Rd 4 Unit Apartment Building $492,865 CAD ($123,216 CAD/Unit) 12.67% Cap Rate Beaumont, TX 77707

The Pinchback Apartments offers a rare opportunity to purchase a well
established 4 Plex that has been recently remodeled and is well maintained in the
West End of Beaumont, Texas.Zoned Residential, which will facilitate favorable third
party appraisals for buyer financing.
? The property is located on the West side of Pinchback, 3 blocks off of College
Street and 4 Blocks off of Calder, in a well established neighborhood and in close
proximity to the Beaumont Municipal Athletic Complex, the Beaumont Municipal
Tennis Center and City Park. There is a city of Beaumont Municipal Transit stop at
the corner of College Street and Pinchback making a trip line to downtown
attractions and Main Retail Sectors accessible within moments.
? Major business clusters in Beaumont-Port Arthur area include chemical and
petroleum manufacturing, materials manufacturing and transportation. Major
employers in Beaumont-Port Arthur include ENGlobal Corporation, ExxonMobil,
Goodyear Tire & Rubber, Motiva Enterprises and Valero Refining Group.
? Pinchback Apartments offer 4 multifamily units that are beautifully up to date with
open living area floor plans, neutral colors and natural lighting offering a cool and
current feel. All 2 bedroom, 1 1/2 Baths, Washer and Dryer hookups, back patio area
with new fencing throughout and kitchen appliances.
? Residents are enrolled in the Resident Benefits Package (RBP) for $50/month
which includes liability insurance, credit building to help boost the resident’s credit
score with timely rent payments, HVAC air filter delivery, move-in concierge service
making utility connection and home service setup a breeze during the move-in,
on-demand pest control, and much more! This amount is included in the current
advertised rental amount. These benefits provide protection for the landlord and
tenant, enhancing the properties' experience.
? The property is being offered at $360,000.00 with a psf price of $114.94psf for the
entire building and $90,000 per unit which is well below replacement cost.
Replacement costs in the area are upwards of $200.00 psf! Green space for
expansion.