Remarks

Introducing a prime investment opportunity: a stabilized 16-unit multifamily building featuring a desirable mix of spacious 2 bed x 1.5-bath and 1 bed x 1 bath units. This property combines strong tenant appeal with consistent cash flow, making it a fantastic addition to any investor’s portfolio. The building has been well-maintained, ensuring minimal operational headaches and offering immediate income potential. With a balanced unit mix, it attracts a wide range of tenants and providing stability in occupancy.

Located near Downtown Beaumont with strong demand for quality rental housing, this property benefits from proximity to schools, shopping, dining, and public transportation. Whether you’re an experienced investor or looking to expand your portfolio, this multifamily asset delivers steady cash flow, long-term appreciation potential, and a solid return on investment. Don’t miss the chance to own this stabilized, cash-flowing property!

Details

MLS#: 20783380
Price: $1,150,000

Style: Hotel/Motel
Year Built: 1972

County: Jefferson (TX)
Subdivision: Averill 1