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Listed by JOSEPH BOONE TYSON • TNT Real Estate
$ 1,975,000
Est. payment | /mo
1.2 Acres Lot
$ 1,975,000
Est. payment | /mo
1.2 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Apartment (10+)
Listing Status Active
Purchase Type For Sale
Subdivision San Benito Land & Water Co
MLS Listing ID 29765534
Year Built 1994
Lot Size 1.200 Acres
Property Sub-Type Apartment (10+)
Property Description
Prime 36-Unit Apartment Complex. Strong Income & Value-Add Potential. Multifamily investment opportunity. This 36-unit apartment complex features a mix of 34 two-bedroom units and 2 one-bedroom units, offering a solid foundation of stable rental income with room for upside through continued renovations and management efficiencies. Units feature semi-updated interiors. All electrical is individually metered, providing utility cost transparency for tenants, while water is serviced by two master meters. Key property features include: On-site laundry facilities for additional revenue, ample parking, office space (may be convertible into additional units or other income-generating use), and strategic location. The complex enjoys strong occupancy and presents a clear opportunity to increase NOI through rental growth, operational efficiencies, and selective capital improvements. Financial packet, pro forma, and rent roll available upon request.
Location
State TX
County Cameron
Area San Benito
Interior
Interior Features Ceiling Fan(s)
Heating Central, Electric
Flooring Carpet, Linoleum, Vinyl, Other
Exterior
Exterior Feature Slab
Parking Features One Car
Fence Chain Link
Community Features None
Building
Story Two
Foundation Slab
Sewer Public Sewer
Schools
Elementary Schools Fred Booth
Middle Schools Cabaza
High Schools San Benito
School District San Benito C.I.S.D.
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional