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520 Magazine St
Beaumont, TX 77701
The Kirby Inn · Multifamily Property For Sale
·
7 Units
Property Facts
| No. Units | 7 | Lot Size | 0.16 AC |
| Property Type | Multifamily | Building Size | 4,144 SF |
| Property Subtype | Apartment | Average Occupancy | 71% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built/Renovated | 1912/2015 |
| Zoning | GC-MD - GENERAL COMMERCIAL - MULTI-FAMILY DISTRICT | ||
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 4,144 SF |
| Average Occupancy | 71% |
| No. Stories | 2 |
| Year Built/Renovated | 1912/2015 |
| Zoning | GC-MD - GENERAL COMMERCIAL - MULTI-FAMILY DISTRICT |
Amenities
Unit Amenities
- Air Conditioning
Site Amenities
- Courtyard
- Furnished Units Available
- Gas Range
About 520 MAGAZINE ST , BEAUMONT, TX 77701
Current income reported to be $63,000/year. Built by John Henry Kirby as Housing for his Railroad and Steamship Supervisors in 1912. Kirby Lumber Company employed over 15,000 people in this area. Seven units (5 one bedroom units and one efficiency, 1 extra large room with sunroom/extra bedroom) professionally managed and beautifully restored/renovated (see dialogue in attachments) includes claw foot tubs in some units, original hard wood floors, upgrades to accommodate newer technology (cable, surveillance and hardwired internet), original fixtures were salvaged if possible. Estimate $20,000 worth of décor, furnishings, seven stoves and seven refrigerators to be transferred with purchase. Ductless AC/Heat with T Stat. Wood siding exterior. One unit currently serves as the owners unit. This historic inn could be maintained as a multi-unit income property or utilized as a Bed and Breakfast. The owners unit could easily be rented for more income. For history and more pictures visit website. www.the kirbyinn.com Head to historic downtown by taking Calder East. When you reach Edison Plaza turn left on Pearl then right on Magazine.
