MLS#: 29765874

$8,500,000 USD

  • Total rooms
    96
  • Minimum sellable space
    3,968m²  (42,708ft²)
The details

Property features

Key features

  • Parking

Construction details

  • Year built: 2006
  • Roofing: Shingle-Asphalt

Other features

  • Appliances: Oven / Range Refrigerator Ceiling Fan
  • Cooling system: Central AC
  • Heating system: Electric
  • Parking Spaces: 96

Area

  • Property size: 3,968m²  (42,708ft²)
  • Land/Lot size: 13,071m²  (3.23ac)
  • Bathrooms: 96
  • Total rooms: 96

Description

This fully leased, income-producing complex features 48 spacious units with well-maintained finishes, on-site security and strong tenant retention. Conveniently located near Brownsville, Harlingen, major highways, local schools and park. Bonus: Includes space to build 16 additional 1-bedroom units. City-approved permits and building plans convey with the sale. Upgrades include Malarkey high-impact shingles (installed 2023, 45-year warranty), double-pane windows, individual water/electric meters per unit and hurricane drainage system. Rare chance to own a stabilized asset with built-in value-add potential. The property consists of six two-story buildings, each with eight units, for a total of 48 units. There are 24 two-bedroom, one-bath units and 24 three-bedroom, two-bath units.

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Location

San Benito, Texas