230 Virginia St Beaumont, TX 77705

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.