4061 County Road 676, Devine, TX for sale

Investment Overview

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.

Investment Highlights

• 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