For sale 2 months ago

$659,000

rooms 1 ba 5016 sqft

2401 5th St, Port Arthur, TX 77640

Commercial Commercial Off MLS

Current Rent **

$5,175

Projected Rent **

$7,000

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Posted By:

Kyle Westbrook

🔥10+ CAP Potential - 8-Unit Apartment in Port Arthur, TX🔥

2401 5th St, Port Arthur, TX 77640

Property Overview

8-Unit Apartment Complex

5,016 sqft

8 beds / 8 baths (total)

1962 build

Lot size: 0.2 acres

Some units have been fully remodeled!!

Rental Summary

Current Monthly Rent: Pending Leases

Potential Monthly Rent: $7,000

Financials & Pro Forma

https://www.dropbox.com/sh/cp65dh1q40v2ytm/AACh19ZxSmxDEKtPUtuD8OK5a?dl=0



Walkthrough Video

https://www.dropbox.com/sh/t4eak6z4k14v16f/AABSAsw6OQYs1vt0RC5xVR7Sa?dl=0

Property Condition

Age of Roof: Replaced 2021 (metal roof)

Anything Else:

2 units have been fully remodeled
1 water meter
Electric individually metered
Window units

More Photos

https://www.dropbox.com/sh/0dn9ha0jr4quf7s/AAAda-LKoRjo022J29UPKN00a?dl=0

Asking Price: $659,000

Closing: 10-27-2022 or sooner

Call or text Isaiah for more details on this 🌋HOT DEAL!🌋

(210) 972-8565

Click the BUY IT NOW button to lock this one down and avoid bidding wars ⚔️

Location:

2401 5th St, Port Arthur, TX 77640

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.