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5520-5530 Concord Road
Beaumont, TX 77708
Asking Price
Contact for price
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
Multifamily | 9.08% CAP | 24 Units <ul><li>24-Unit Multifamily Asset - 100% 2 Bed / 1 Bath Units</li><li>Strong In-Place Cash Flow - Stabilized occupancy</li><li>Separately Metered Water - No Landlord Water Expense</li><li>Value-Add Opportunity through rent increases</li><li>Large unit sizes (~961 SF) appealing to long-term tenants</li><li>Located in an established workforce housing submarket</li></ul>
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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547
