2095 La Palma Drive, San Benito, TX 78576
- $1,975,000
- 23,816
- SqFt
- List Price
- $1,975,000
- Status
- ACTIVE
- MLS#
- 472199
- Living Area
- 23,816
- Lot Size (Acres)
- 1.2
- Year Built
- 1994
Property Description
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.
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Additional Information
- Area
- San Benito
- Subdivision
- San Benito Land & Water Co.
- Taxes
- $21,265
- Stories
- 2
- Interior Features
- Ceiling Fan(s)
- Amenities
- Curbs, Street Lights
- Heating
- Central, Electric
- Cooling
- Central Air, Electric
- Sewer
- City Sewer
- School District
- San Benito ISD
- Elementary School
- Fred Booth
- Middle School
- Cabaza
- High School
- San Benito H.S.
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Listing courtesy of Joseph Tyson with Tnt Real Estate