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640 E Pipkin St
Beaumont, TX 77705 South Park

$950,000 USD

Apartments For Sale  •  5,142 SF

Property Details

  • Property Type Apartments
  • Total Building Size 5,142 SF
  • Lot Size 0.28 AC
  • Building Class C
  • Year Built 1978
  • Cap Rate 7.71 %
  • Zoning N/A
0 Transit Score
34 Walk Score

Highlights

10-unit multifamily property offering significant upside potential with below-market rents and approximately $100/unit in rental growth.
Property has been recently updated, minimizing near-term capital expenditures and enhancing tenant appeal with fresh interior and exterior paint.
With continued economic expansion and belowmarket rents, the property is well-positioned for sustained rent appreciation and increased cash flow.
Located in Beaumont, TX, at the heart of the “Golden Triangle”—a thriving region of Southeast Texas known for its robust industrial, energy Etc.
Close to leading companies such as ENGlobal Corporation, ExxonMobil, Goodyear Tire & Rubber, Motiva Enterprises, and Valero Refining Group.
Regional economy anchored by key industries including healthcare, oil & gas, electricity generation, agriculture, and education.
Cap Rate: 7.71 %

Amenities

  • Ceiling Fans

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 13
Type: Surface
Included in Rent: Yes
Andy Jones 754-258-5750 Sands Investment Group
Andy Jones 754-258-5750 Sands Investment Group