Description
INVESTMENT OPPORTUNITY!! Prime location behind the Saltgrass Restuarant with extra parking. This will be a value add investment opportunity. The interior has been fully gutted with many studs replaced. New water lines have been run. New electrical has been run. Originally a 24 unit complex, 6 of which were retail, has now begun the process of changing the plans to 8, 2 bedroom residential units and 4, 3 bedroom residential units. Great Cap rate potential after renovation and leasing or can convert to office spaces. Still work to be done on interior and exterior which means lots of potential! Contact your REALTOR for access and documentation on file. Will entertain any serious offers!
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0BEDS
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0.86ACRES
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0BATHS
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01/2 BATHS
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26,096SQFT
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$38$/SQFT
Description
INVESTMENT OPPORTUNITY!! Prime location behind the Saltgrass Restuarant with extra parking. This will be a value add investment opportunity. The interior has been fully gutted with many studs replaced. New water lines have been run. New electrical has been run. Originally a 24 unit complex, 6 of which were retail, has now begun the process of changing the plans to 8, 2 bedroom residential units and 4, 3 bedroom residential units. Great Cap rate potential after renovation and leasing or can convert to office spaces. Still work to be done on interior and exterior which means lots of potential! Contact your REALTOR for access and documentation on file. Will entertain any serious offers!
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Listing information © 2022 Beaumont Board of Realtors.