Residential Investment Property on 8.5 Acres with 23 Rentable Units

About this listing

Explore the exceptional investment potential of this 23-unit property on 8.5 acres located in Brownsboro, Texas. Originally settled in 1849, the city of Brownsboro is situated in Henderson County, and is a suburban-rural community located 20 miles west of the vibrant city of Tyler and 80 miles east of the Dallas metroplex. With a highly accessible, desirable, and strategic location in the Brownsboro ISD and no zoning, this income-producing property presents a unique opportunity for multifamily and manufactured home investors. There are 23 single family residential units (including a unit that is currently under renovation for a residential rental unit), and a management office with storage areas. Each home has a washer and dryer, kitchen appliances, wood deck, and the property is fenced. This investment allows investors to meet the growing demand for affordable, quality housing in a well-connected community. Prospective buyers and their representatives are responsible for conducting their own due diligence, which includes consulting with authorities, confirming access to utilities, and zoning confirmation. This information is not to be considered a substitute for professional guidance and independent verification. **All property tours must be scheduled through the listing agent, and tenants and staff must not be disturbed. Proof of funds or a lender approval letter is required prior to scheduling tours.**
Total of 23 rentable units on 8.5 acres Management office and storage areas on-site 8.25% Cap Rate Each unit has kitchen appliances and washer and dryer Situated in an accessible, growing area in a suburban-rural community Property website: https://buildout.com/website/brownsboromultiunit