Rio Grande City, Texas

164 US Highway 83 Highway

Rio Grande City, TX 78582

Ubicación en el mapa no disponible

$299,000

Recámaras

N/A

Baños

N/A

Pies cuadrados

4,437

Terreno

0.5 acres

Año de construcción

1995

Tipo

Multi-family

Estatus

For Sale

MLS #

509418

Acerca de esta casa

Exceptional income-producing multifamily investment opportunity in Rio Grande City, TX. The property includes eight (8) apartment units and one (1) detached pier-and-beam single-family residence across three building structures. Apartment improvements consist of seven (7) 1-bedroom/1-bath units and one (1) 2-bedroom/1-bath unit, plus a 3-bedroom/1-bath home. Currently 100% occupied with established tenants, the property offers immediate cash flow and value-add potential. Situated on approximately 0.50 acres with 214 feet of frontage along Old US Hwy 83, the property offers future upside through rental growth, operational efficiencies, or site improvements (subject to applicable approvals). Seller-provided financials indicate an approximate 13% capitalization rate. Conveniently located near the Rio Grande City Medical Corridor, UTRGV Starr County Campus, South Texas College, shopping, dining, schools, and major employers.

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