OFF MARKET12 -Unit Apt Complex for Sale - Rio Grande Valley TEXAS

[Mauricio Ramos]

OFF MARKET 12-Unit Apt Complex For Sale in the Rio Grande Valley TEXAS

This property is located in 130 Gil Dr San Benito Texas. Property is off of Hwy 77. The property is at a walking distance from city parks, groceries stores like HEB, Walmart, banks and retail stores. 

This complex features 12 units and 1 potential efficiency. All units are currently occupied.

8 EA units are 2b/1b

4 EA units are 1b/1b

1 EA efficiency (currently non-operating)

Gross rental income: $59,520

NOI: $32,316

Cap at purchase: 8.10%

Purchase Price $399,000

Price per door: $33,250

This property is a GREAT Value-Add opportunity, as the rents are below market.

Projected Gross rental income: $72,600

For more info, please DM me, or comment below with your email address and we will email you more info about this property.

Thank you,

Mauricio Ramos