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800 Pine St 8 Unit Apartment Building $775,000 ($96,875/Unit) 6.10% Cap Rate Hearne, TX 77859
Executive Summary
Introducing a highly desirable 8-unit multi-family property offered at 6.1 CAP, expecting 7.5 CAP in 2026 with lower tax rate and increased rents. The property consists of two updated quadplexes centrally located in Hearne, Texas with easy access to everything in town and only 20 minutes from Bryan-College Station.
A great value-add property with units currently averaging $850 per month, with a 5-10% increase opportunity at renewal. Low vacancy rates and expense ratios drive more dollars to the bottom line providing stable cash flow for the investor.
The property boasts new roofs, and covered parking for all tenants, lawn care and outdoor lighting included.
A great value-add property with units currently averaging $850 per month, with a 5-10% increase opportunity at renewal. Low vacancy rates and expense ratios drive more dollars to the bottom line providing stable cash flow for the investor.
The property boasts new roofs, and covered parking for all tenants, lawn care and outdoor lighting included.
Property Facts
| Price | $775,000 | Apartment Style | Low-Rise |
| Price Per Unit | $96,875 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.41 AC |
| Cap Rate | 6.10% | Building Size | 6,952 SF |
| No. Units | 8 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1980 |
| Price | $775,000 |
| Price Per Unit | $96,875 |
| Sale Type | Investment |
| Cap Rate | 6.10% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.41 AC |
| Building Size | 6,952 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1980 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | - |
1 1
Property Taxes
| Parcel Number | 080000-010200 | Improvements Assessment | $282,780 |
| Land Assessment | $15,280 | Total Assessment | $298,060 |
Property Taxes
Parcel Number
080000-010200
Land Assessment
$15,280
Improvements Assessment
$282,780
Total Assessment
$298,060
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800 Pine St
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