Listed by Riverstone Companies LLC
$775,000
800 Pine Street
Details
Property Type Multifamily
Sub Type Quadplex Package
Square Footage 6,952
Net Rentable (SqFt) 6,952
Units 8
Cap Rate 6.10%
Price per SqFt $111
Buildings 2
Stories 1
Acreage 0.410
Ground Lease No
2 Quadplexes with Direct Access to US Highway 79
Marketing description
Introducing a highly desirable 8-unit multi-family property offered at 6.1 CAP, expecting 7.5 CAP in 2026 with lower tax rate and increased rents. The property consists of two updated quadplexes centrally located in Hearne, Texas with easy access to everything in town and only 20 minutes from Bryan-College Station.
A great value-add property with units currently averaging $850 per month, with a 5-10% increase opportunity at renewal. Low vacancy rates and expense ratios drive more dollars to the bottom line providing stable cash flow for the investor.
The property boasts new roofs, and covered parking for all tenants, lawn care and outdoor lighting included.
Listing Contacts
Listed by Riverstone Companies LLC
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