4061 County Road 676
- 28-unit value-add multifamily on 3.75 acres
- Appraised at $1.1M (ARV)
- All units 1BR/1BA; two mobile homes included
- Current: 10 leased, $6,150/mo income
- Heavy remodel + cleanup; expansion potential
Property Description
Devine, TX – 28-Unit Value-Add Multifamily: Appraisal of $1.1m (ARV), this 3.75-acre property includes 28 total 1BR/1BA units—two of which are mobile homes—all on year leases with no tenants behind on rent. Current performance reflects 10 occupied units generating $6,150 in monthly income. The asset requires a substantial clean-out and standardized renovation plan, with 5–6 dumpsters recommended, and offers strong upside through Section 8 lease-up, proven rent collections, and additional value creation opportunities such as a future laundromat or added units on-site.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $450,000 |
| No. of Units: | 28 |
| Year Built: | 1986 |
| Lot Size: | 3.75 Acres |
| Opportunity Zone: | No |
| Price per unit: | $16,071 |
| Property Website | Click Here |
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