Description
Amazing opportunity to pick up 32 units in South Texas. Major renovations have been done to the property over the last 3 years including new roofs, new A/C units, new parking lot, new double paned windows, and new appliances. Although income has been steadily increasing, there is still room to raise rents that currently average $536/unit. The region has been growing and developing rapidly and rental demand is strong. There is currently only one vacancy. The property historically stays near 100% occupancy. Take your rental portfolio to the next level by acquiring these 32 units for only $67k per door! SELLER ALSO OWNS 5 FOURPLEXES IN PHARR THAT WE ARE PREPARING TO LIST -All A/C Units except 2 have been replaced in last 3 years -Brand new roof as of 2021 -Entire parking lot has been upgraded to concrete -Plan in place to continue increasing rent -$700/month in laundry income -$18,500 in monthly rents -Down the street from Walmart
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0BEDS
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0.91ACRES
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0BATHS
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01/2 BATHS
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26,770SQFT
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$80$/SQFT
School Information
Description
Amazing opportunity to pick up 32 units in South Texas. Major renovations have been done to the property over the last 3 years including new roofs, new A/C units, new parking lot, new double paned windows, and new appliances. Although income has been steadily increasing, there is still room to raise rents that currently average $536/unit. The region has been growing and developing rapidly and rental demand is strong. There is currently only one vacancy. The property historically stays near 100% occupancy. Take your rental portfolio to the next level by acquiring these 32 units for only $67k per door! SELLER ALSO OWNS 5 FOURPLEXES IN PHARR THAT WE ARE PREPARING TO LIST -All A/C Units except 2 have been replaced in last 3 years -Brand new roof as of 2021 -Entire parking lot has been upgraded to concrete -Plan in place to continue increasing rent -$700/month in laundry income -$18,500 in monthly rents -Down the street from Walmart
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or The Ryan & Brian Real Estate Team | Tierra Frontera, LLC. Data last updated: 2023-12-07T16:17:46.177.