2095 La Palma DR Active Save Request In-Person Tour Request Virtual Tour
San Benito,TX 78576
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 23,816 sqft
Price per Sqft $82
Subdivision San Benito Land & Water Co.
MLS Listing ID 472199
Year Built 1994
Annual Tax Amount $21,265
Tax Year 2024
Lot Size 1.200 Acres
Property Sub-Type Apartment
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.
Location
State TX
County Cameron
Community Curbs,Street Lights
Rooms
Other Rooms Laundry Facility,Office
Interior
Heating Central,Electric
Cooling Central Air,Electric
Flooring Carpet,Other,Vinyl
Laundry Laundry Area
Exterior
Fence Chain Link,Non Privacy
Community Features Curbs,Street Lights
View Y/N No
Roof Type Composition Shingle
Building
Story 2
Foundation Slab
Sewer City Sewer
Water Public
Structure Type Brick,Wood Siding
New Construction No
Schools
Elementary Schools Fred Booth
Middle Schools Cabaza
High Schools San Benito H.S.