800 & 802 Pine Street
$775,000
800 Pine St, Hearne, Texas 77859
| Building Size | 6,952 Square Feet |
| Land Size | 0.41 Acres |
| Units | 8 |
| Zoning | Within City Limits |
| Construction | Brick |
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.
The information contained herein is from sources deemed reliable, but is subject to errors, omissions, and withdrawal without notice.