800 & 802 Pine Street
800 Pine Street, Hearne, Texas 77859
$695,000
Property Details
Property Type
Residential
Building Type
Freestanding
Building Size
6,952 sqft
Land Size
0.41 acres
Units
8
Zoning
Within City Limits
Construction
Brick
Property Description
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.
