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.
For sale
$1,975,000
2095 Las Palmas Dr, San Benito, TX 78586
--beds
--baths
23,816sqft
Est.:
Apartment
Built in 1994
-- sqft lot
$-- Zestimate®
$83/sqft
$-- HOA
What's special
Ample parkingSemi-updated interiors
- 94 days
- on Zillow |
- 32 |
- 3 |
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