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. The property boasts new roofs, and covered parking for all tenants, lawn care and outdoor lighting included.
Hearne is located in Texas. Hearne, Texas has a population of 4,549. Hearne is less family-centric than the surrounding county with 25.61% of the households containing married families with children. The county average for households married with children is 26.67%.
The median household income in Hearne, Texas is $28,869. The median household income for the surrounding county is $55,709 compared to the national median of $69,021. The median age of people living in Hearne is 30.8 years.
The average high temperature in July is 93 degrees, with an average low temperature in January of 38.1 degrees. The average rainfall is approximately 39.7 inches per year, with 0.4 inches of snow per year.
