23,816 SqFt
23,816 SqFt
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 23,816 sqft
Subdivision San Benito Land & Water Co.
MLS Listing ID 472199
HOA Y/N No
Year Built 1994
Annual Tax Amount $21,265
Tax Year 2024
Lot Size 1.200 Acres
Acres 1.2
Property Sub-Type Apartment
Source Greater McAllen
Property Description
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
Community Curbs, Street Lights
Rooms
Other Rooms Laundry Facility, Office
Interior
Interior Features Ceiling Fan(s)
Heating Central, Electric
Cooling Central Air, Electric
Flooring Carpet, Other, Vinyl
Appliance Electric Water Heater, Refrigerator, Stove/Range
Laundry Laundry Area
Exterior
Fence Chain Link, Non Privacy
Community Features Curbs, Street Lights
View Y/N No
Roof Type Composition Shingle
Garage No
Building
Faces Head west on I-2 toward San Benito, take Exit 21 toward TX-486 Spur/Williams Rd/Ratliff St, continue on TX-486 Spur N/S Oscar Williams Rd, then turn right on La Palma St—the property will be on your right-hand side. GPS will be able to guide you directly to the property.
Story 2
Foundation Slab
Sewer City Sewer
Water Public
Structure Type Brick,Wood Siding
New Construction No
Schools
Elementary Schools Fred Booth
Middle Schools Cabaza
High Schools San Benito H.S.
Others
Tax ID 6108201240009310
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
4810 N Raul Longoria Ste 2, Juan, Texas, 78589, United States