$10,000
closing credit¹
875 Neches Beaumont, TX 77701
Property details
About 875 Neches
Unique opportunity to own this multi-unit property with amazing cashflow! 23 unit property, all individual rooms, currently only 1 unit not occupied. At full occupancy: Gross annual income of $160,200. NOI after tax and insurance is $128,578.05. All utilities paid for by owner (roughly $11k in 2023). There are 4 bathrooms and 2 kitchens shared. Rent roll and P&L on file. Roughly 13% cap rate at list price! Contact agent to coordinate showing and review files.
Highlights
Summary
- MLS Number: 252919
- MLS Name: Beaumont
- Office Name: RE/MAX ONE
- Listing Agent: John Arcana
Information is provided by Beaumont Board of REALTORS®. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright © 2025 Beaumont Board of REALTORS®. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
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Last updated on: 2/9/2025, 2:15:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$989,000
875 Neches
$10,000
closing credit¹
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0.5% sale price²
Price information
Property sales
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Tax history
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Nearby schools
4
Charlton-Pollard Elementary School
Public District PK-5
0.8 mi
•825 Jackson St
5
Fletcher Elementary School
Public District PK-5
0.9 mi
•1050 Ave E
2
Fehl-Price Elementary School
Public Charter PK-5
1.8 mi
•3350 Blanchette St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $39,517. Typical income of Beaumont, TX residents is between $35k-100k annually. The most common type of family is single, no kids. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Figure Skating
Pro Boxing
NHRA Drag Racing
Where do the neighbors shop?
Family Dollar
Burlington
Big Lots
Where do the neighbors go to eat?
Church's Chicken
Popeyes
Golden Corral
What do the neighbors drive?
Cadillac
Dodge
Kia
What do the neighbors listen to?
Jazz
Urban Contemporary
Adult Standards
This home is located at 875 Neches in Beaumont, TX and zip code 77701. Features: 23 bedrooms, 0 bathroom. It has been listed on Rocket Homes since December 23, 2024 and is currently priced at $989,000.
In January 2025 more than 7 listings in Beaumont, TX were sold above the asking price. During the same period more than 11 listings were sold at asking price, while more than 25 were sold below. Between December and January 2025, Beaumont, TX real estate market has seen increase in the number of listings by 21.7%. Listings spent 129 days on the market in January 2025, and had a median list price of $227,500 during the same period.