2735 FRANKLIN STREET, BEAUMONT, TX 77701
The 2735 Franklin St Fourplex is located in Beaumont, Texas. The asset was built in 1962. The previous owner reports a installing a new roof approximately 15 years ago. Window units are used to provide A/C. The property stays fully occupied and rents are very low. The owner believes a $60K rehab could push rents to $600-$700 per unit each month (this would be what Housing pays).
Blue collar profile, ideal for a small investor to own as a starter investment!
IMPORTANT: Seller desires to sell to an ALL CASH buyer! Per the owner, the property is not located in the 100 year flood plain.
Tom Wilkinson has performed real estate marketing serves for institutional and individual investors since 1972. He has a BA in Mathematics from Rice University and an MBA in Real Estate Investments from the University of Texas. In addition to brokering real estate, Tom previously owned and operated more than 80 properties. Tom has successfully marketed properties for and to dozens of individual, business and institutional sellers and buyers, including REO properties for the RTC, FNMA and FreddieMac.