4061 Co Rd 676 Devine, TX 78016

Building Details

Year Built

1986

Listing agency Caisson Real Estate Brokerage, LLC

Listed by Jonathon Webster · License #771633

Source Crexi

Added: Nov 20, 2025 Updated: Jul 6 at 12:35PM Checked: Jul 21 at 2:40PM

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Investment Insights

Based on property information with market context.

This 3.75-acre property in Devine, TX, features 28 units, including two mobile homes. The units are configured as one-bedroom, one-bathroom layouts. All units are currently under year leases, and the property is offered for sale. Currently, 10 units are occupied, generating a monthly income of $6,150. The property requires a significant clean-out and a standardized renovation plan. There is potential for increased value through Section 8 lease-up and improved rent collections. Additional opportunities include the potential addition of a laundromat or more units on the site.

Key Highlights

• Significant value‑add opportunity: Offered at $600,000 with a recent appraisal of $1,100,000 (ARV).
• 28 total units: Includes 28 1BR/1BA units, providing substantial rental income potential.
• Currently 10 units occupied, generating $6,150 in monthly income.

Property Analytics

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FAQs

What type of property is this?

Multifamily property - 28 units on 3.75 acres with value-add potential.

Where is this multifamily property located?

The property is located at 4061 Co Rd 676 Devine, TX.

What is the asking price?

The asking price for this property is $450,000.

What are key features of this property?

This property features: Significant value‑add opportunity: Offered at $600,000 with a recent appraisal of $1,100,000 (ARV).; 28 total units: Includes 28 1BR/1BA units, providing substantial rental income potential.; Currently 10 units occupied, generating $6,150 in monthly income.