218 Hoffman Ave Kingsville, TX 78363-6228
This exceptional Kingsville, TX property at 218 E Hoffman Ave presents a unique investment opportunity. The 6,033 square foot lot encompasses a charming 2-bedroom, 1-bathroom home currently generating $850 monthly rental income. This residential component, spanning 1,242 square feet, is complemented by 13 vacant storage units, offering significant potential for increased revenue streams. The diverse storage options include utility trailer garages and concrete-floored units, catering to a wide range of tenant needs. Situated on a 0.32-acre lot, the property is conveniently zoned R2, allowing for flexibility in future uses and development. The asking price is $99,950, and attractive financing options are available, including owner financing and subject-to arrangements. This property is ideal for investors seeking immediate returns and long-term appreciation, offering a blend of residential income and substantial storage unit rental potential. The combination of existing rental income and the untapped potential of the vacant storage units makes this a compelling investment opportunity in a desirable location. Don't miss this chance to acquire a property with proven income and significant upside.
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Terry Yaklin Construction Construction Company General Contractor
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.