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Gilbert J. Guerra

gilbertjrealtor@gmail.com +1(956) 420-0099

Listed by TNT Real Estate

$ 1,975,000

Est. payment | -/mo

23,816 SqFt

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$ 1,975,000

Est. payment | -/mo

Save Virtual Tour

23,816 SqFt

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 23,816 sqft

Price per Sqft $82

Subdivision San Benito Land & Water Co

MLS Listing ID 29765534

Year Built 1994

Lot Size 1.200 Acres

Property Sub-Type Apartment

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 23816

Interior

Heating Central, Electric

Flooring Carpet

Appliance Electric Water Heater, Refrigerator

Laundry Common Area

Exterior

Parking Features Garage

Garage Description 1

Porch Deck/Balcony/Porch

Garage Yes

Building

Lot Description None

Story Two

Foundation Slab

Sewer Public Sewer

Water Public

Schools

Elementary Schools Fred Booth

Middle Schools Cabaza

High Schools San Benito

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://tour.usamls.net/2095-Las-Palmas-Dr-San-Benito-TX-78576/unbranded

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(956) 420-0099

gilbertjrealtor@gmail.com

Brownsville, Texas, 78526, USA

2095 Las Palmas Dr. San Benito, TX 78576

Gilbert J. Guerra

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby Locations

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2095 Las Palmas Dr.