1920 May StBeaumont, TX 77705

For Sale
$315,000

Three-unit rental, 10% cap rate

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a portfolio of three single-family homes located in Beaumont, Texas, within Jefferson County, zip code 77705. The portfolio boasts a compelling 10% capitalization rate and an asking price of $315,000, or $105,000 per unit. The properties are situated at 1920 May St, 2065 Lela St, and 2125 Nora St. Each home is currently leased, providing immediate cash flow with leases extending into 2025. The portfolio includes a diverse mix of properties: one 3-bedroom, 1-bathroom home with a carport, featuring updated paint, fixtures, shower, and flooring, a large backyard, and indoor washer/dryer connections

Property Details for 1920 May St

Property type
Multifamily properties, Residential income homes
Units
3

Location Insight

City
Beaumont
County
Jefferson
State
Texas
Latitude
30.0497611
Longitude
-94.1041521
1920 May St, Beaumont, Texas

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1920 May St
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