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Pipkin Apartments - Beaumont, TX 640 E Pipkin St 10 Unit Apartment Building $950,000 ($95,000/Unit) 7.71% Cap Rate Beaumont, TX 77705
INVESTMENT HIGHLIGHTS
- 10-unit multifamily property offering significant upside potential with below-market rents and approximately $100/unit in rental growth.
- With continued economic expansion and belowmarket rents, the property is well-positioned for sustained rent appreciation and increased cash flow.
- Close to leading companies such as ENGlobal Corporation, ExxonMobil, Goodyear Tire & Rubber, Motiva Enterprises, and Valero Refining Group.
- Property has been recently updated, minimizing near-term capital expenditures and enhancing tenant appeal with fresh interior and exterior paint.
- Located in Beaumont, TX, at the heart of the “Golden Triangle”—a thriving region of Southeast Texas known for its robust industrial, energy Etc.
- Regional economy anchored by key industries including healthcare, oil & gas, electricity generation, agriculture, and education.
EXECUTIVE SUMMARY
Sands Investment Group is pleased to exclusively offer for sale the Pipkin Apartments, a 10-unit multifamily property located at 640 E Pipkin St in Beaumont, TX. With a favorable unit mix, this 10-unit multifamily property in Beaumont, TX, presents a strong value-add investment opportunity, with current below-market rents and an estimated $100 per unit in achievable rental upside. The asset features a desirable mix of one and two-bedroom units, appealing to a broad tenant base in a high-demand rental market. Recent renovations include fresh interior and exterior paint, new doors, new flooring, an updated roof, new stoves and refrigerators, and upgraded plumbing and electrical systems. With continued economic expansion in the area, the property is well-positioned for sustained cash flow and rental growth.
In Cooperation With Sands Investment Group Austin, LLC - Lic. #9004706 BoR: Max Freedman - Lic. TX #644481
In Cooperation With Sands Investment Group Austin, LLC - Lic. #9004706 BoR: Max Freedman - Lic. TX #644481
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Ceiling Fans
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | - | 600 |
| 2+1 | 8 | - | 800 |
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PROPERTY TAXES
| Parcel Number | 025950-000-003900-00000 | Improvements Assessment | $500,947 |
| Land Assessment | $5,640 | Total Assessment | $506,587 |
PROPERTY TAXES
Parcel Number
025950-000-003900-00000
Land Assessment
$5,640
Improvements Assessment
$500,947
Total Assessment
$506,587
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Pipkin Apartments - Beaumont, TX | 640 E Pipkin St
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