Updated almost 7 years ago on . Most recent reply
OFF MARKET 12 -Unit Apt Complex for Sale
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
Offering