Description
This unique property features 12 1 br/1ba apartments, with their own kitchens, as well as a 2 br/1 ba home, and a covered back patio, on a huge oversized lot, making it the perfect investment for any investor hoping to expand their portfolio, especially with a 10.9% cap rate. Over 90% of the space is occupied. Additional features include renovations in some units, 12+ parking spaces, window AC units, and an on-site property manager (whose rent is covered by Landlord). This property is conveniently-located 1.6 miles from HEB, 2 miles from Walmart, 5.8 miles from Target, Marshalls, etc., 1.4 miles from the city lake, 7.3 miles from Texas State Technical College, and 7.3 miles from the airport. PROOF OF FUNDS OR PRE-APPROVAL LETTER REQUIRED.
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1BEDS
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0.7713499ACRES
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0BATHS
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11/2 BATHS
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4,800SQFT
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$97$/SQFT
Description
This unique property features 12 1 br/1ba apartments, with their own kitchens, as well as a 2 br/1 ba home, and a covered back patio, on a huge oversized lot, making it the perfect investment for any investor hoping to expand their portfolio, especially with a 10.9% cap rate. Over 90% of the space is occupied. Additional features include renovations in some units, 12+ parking spaces, window AC units, and an on-site property manager (whose rent is covered by Landlord). This property is conveniently-located 1.6 miles from HEB, 2 miles from Walmart, 5.8 miles from Target, Marshalls, etc., 1.4 miles from the city lake, 7.3 miles from Texas State Technical College, and 7.3 miles from the airport. PROOF OF FUNDS OR PRE-APPROVAL LETTER REQUIRED.
© 2023 South Padre Island Board of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Troy Giles Realty. Data last updated: 2023-10-03T12:30:16.06.