800 Pine Street, Hearne, TX, 77859

800 Pine Street Hearne, TX 77859

800 Pine Street, Hearne, TX, 77859
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FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$760,000
Last Verified:
Apr 08, 2024


Description

Introducing a highly desirable 8-unit multi-family property offered at 7.5 CAP. 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 $800 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.

From Hearne take HWY 79 west at the Chevron and Pine St take right, property is immediately on your left behind the gas station.

Building Size: 6952sq ft
Lot Size: 0.41 acres


Documents

Brochure (L)

Map of 800 Pine Street, Hearne, TX, 77859

Presented by:
Riverstone Companies

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Landon Allen


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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

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