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4061 County Road 676 28 Unit Apartment Building Offered at $450,000 Devine, TX 78016
Investment Highlights
- 28-unit value-add multifamily on 3.75 acres
- All units 1BR/1BA; two mobile homes included
- Heavy remodel + cleanup; expansion potential
- Priced at $600K; appraised at $1.1M (ARV)
- Current: 10 leased, $6,150/mo income
Executive Summary
Devine, TX – 28-Unit Value-Add Multifamily: Offered at $450,000 with a recent appraisal of $1,100,000 (ARV), this 3.75-acre property includes 28 total 1BR/1BA units—two of which are mobile homes—all on year leases with no tenants behind on rent. Current performance reflects 10 occupied units generating $6,150 in monthly income. The asset requires a substantial clean-out and standardized renovation plan, with 5–6 dumpsters recommended, and offers strong upside through Section 8 lease-up, proven rent collections, and additional value creation opportunities such as a future laundromat or added units on-site.
Property Facts
| Price | $450,000 | Building Size | 17,799 SF |
| Price Per Unit | $16,071 | No. Stories | 2 |
| Sale Type | Investment | Year Built | 1986 |
| No. Units | 28 | Opportunity Zone |
Yes
|
| Property Type | Multifamily |
| Price | $450,000 |
| Price Per Unit | $16,071 |
| Sale Type | Investment |
| No. Units | 28 |
| Property Type | Multifamily |
| Building Size | 17,799 SF |
| No. Stories | 2 |
| Year Built | 1986 |
| Opportunity Zone |
Yes |
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Property Taxes
| Parcel Number | 24662 | Improvements Assessment | $759,500 |
| Land Assessment | $131,250 | Total Assessment | $890,750 |
Property Taxes
Parcel Number
24662
Land Assessment
$131,250
Improvements Assessment
$759,500
Total Assessment
$890,750
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4061 County Road 676
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