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31110139
31110146

1012 E 23rd St, Bryan, TX 77803 For Sale

MC
TX 83-1569501
$493,000
123 days on market
Updated 15 days ago

Multi-Family - Fourplex for sale

Details
Property Type Multifamily, Retail
Sub Type Apartment Building, Student Housing
Square Footage 10,803
Net Rentable (SqFt) 5,568
Units 5
Cap Rate 6.50%
NOI $44,921
Occupancy 80%
Tenancy Multi
Lease Type Gross
Lease Expiration 12/31/2026
Remaining Term 0.5
Price per SqFt $46
Class A
Year Built 1935
Year Renovated 2024
Buildings 2
Stories 2
Lot Size (SqFt) 10,803
Zoning B17
Parking Spaces 8 per unit
Investment Type Core+
Tenant Credit No Credit Rating
Ground Lease No
Sale Condition For sale by owner

Multifamily PACKAGE I Investment opportunity | 5 Units

Marketing description

Value-add multifamily investment opportunity in Bryan, TX offered as a package deal. The property consists of a total of five units, including a 3-bedroom, 2-bath single-family home with bonus room/office, original hardwood floors, w/d connections, fenced backyard and includes all kitchen appliances, a carport for 4 vehicles! And a rear fourplex with four 1-bedroom, 1-bath units.

The asset provides immediate cash flow with upside potential through lease-up and rent optimization. The flexible layout allows for multiple investment strategies, including owner-occupancy or full rental stabilization to maximize returns.

Strategically located near Historic Downtown Bryan with convenient access to major highways, employment centers, dining, and retail, supporting strong rental demand and long-term appreciation.

Investment highlights

  • 5 Total Units: 1 Single-Family Home + 4 Multifamily Units

  • Strong Income Potential with 80% current occupancy

  • Value-Add Opportunity to increase rents and maximize returns

  • Owner-User Flexibility: Live in one unit and rent the others

  • Front House Features: 3B/2B, bonus room/office, hardwood floors, fenced yard

  • Fourplex Layout: Four 1B/1B units with separate parking

  • Large Lot: 10,802 SF with a private, compound-style setting

  • Ample Parking: Carport + surface parking for tenants

  • Prime Location near Downtown Bryan, parks, retail, and dining

  • Easy Access to Highway 6, Texas Ave & WJB Parkway

  • Growing Market with strong rental demand in Bryan, TX

Listing Contacts

MC
TX 83-1569501

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$44,921.00
$3,743.42/mo

Valuation Metrics

0
DSCR
9.11%
Cap Rate
9.11%
ROI

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Additional Information

Name
Milton Cruz
License
83-1569501
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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