For sale 2 months ago

$299,000

rooms 1 ba 2770 sqft

1006 N Flores St, Rio Grande City, TX 78582

Commercial Commercial Off MLS

Current Rent **

$2,600

Projected Rent **

$3,500

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Posted By:

Kyle Westbrook

🔥8CAP 6-Unit Apartment in Rio Grande City!🔥

1006 N Flores St, Rio Grande City, TX 78582

Property Overview

6-Unit Apartment Complex

2,770 sqft

11 beds / 6 baths (total)

1994 build

Rent Roll, Financials, & Pro Forma

https://www.dropbox.com/sh/itwipage4t00kwk/AADd5ecbmWsmLnPtN_lMvGDMa?dl=0

Rental Summary

Current Monthly Rent: $2,600

Potential Monthly Rent: $3,500

Property Condition

Age of Roof: 3 years

Central AC: Yes

Age of HVAC Unit(s): 4-10 years

More Photos

https://www.dropbox.com/sh/va86hjsnt8nrloo/AAAuTAW4Vpwkg0X6vBjSwUzna?dl=0

Asking Price: $299,000

Closing: 10-14-2022 or sooner

Call or text Holly for more details on this 🌋HOT DEAL!🌋

(210) 972-8565

Click the BUY IT NOW button to lock this one down and avoid bidding wars ⚔️

Location:

1006 N Flores St, Rio Grande City, TX 78582

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.