1920 May St Beaumont, TX 77705
- Residential income homes
Current Use by Public Records
- Residential income homes
Property Details for 1920 May St
- Property type
- Residential income homes
Description
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
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Beaumont
- County
- Jefferson
- State
- Texas
- Longitude
- -94.1041521
- Latitude
- 30.0497611