230 Virginia StBeaumont, TX 77705

For Sale
$700,000

Newly renovated Beaumont apartment complex. High rental potential.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a newly renovated 10-unit apartment building located at 230 E Virginia St, Beaumont, TX 77705. The property, identified by APN 019000-000-001500-00000, consists of two, two-story buildings situated on a 0.35-acre lot. Built in 1982 and extensively renovated in 2023, this Class C multifamily property offers significant upside potential. Currently, the occupancy rate is 40%, with four of the ten units rented and six vacant, presenting immediate opportunities to increase revenue. The permitted zoning is MF, allowing for flexibility in future management and potential expansion. This property is an ideal investment for those seeking a strong return in a growing Texas market. The property's recent renovation ensures minimal immediate maintenance needs, allowing for a focus on maximizing occupancy and rental income. The location in Jefferson County provides easy access to local amenities and transportation routes. This is a turnkey opportunity to acquire a well-positioned multifamily asset with immediate income generation and significant long-term growth potential.

Property Details for 230 Virginia St

Property type
Multifamily properties, Apartment buildings
Class
C
Year Built/Renovated
1982/2023
Buildings
2
Stories
2
Lot Size (sq. ft)
15,246 SF
Units
10

Location Insight

City
Beaumont
County
Jefferson
State
Texas
Latitude
30.0415754
Longitude
-94.0839186
230 Virginia St, Beaumont, Texas

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230 Virginia St
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