40-Unit Multifamily
For Sale
Contact for pricing
Pending
1610 E Plum St, Laredo, TX 78043
Stabilized 40-unit multifamily with 100% occupancy, central HVAC, and capital improvements including updated laundry and HVAC systems.
Days on Market110
Property Features for 1610 E Plum St
General Information
Standard status
Pending
Property subtype
Multifamily
Occupancy
100%
Additional Details
Multifamily Units
40
Amenities
laundry center
Building Details
Tenancy
Multi
Listing Agency:
Waller Group Homes
(214) 818-4109
Listed By:
Logan Waller · License #TX 0479147
Source:
Crexi
Added: Apr 12
Changed: Jul 22
Last Checked: Jul 29 at 9:02AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Waller Group Homes
Investment Insights
Based on property information with market context.
The Waller Group is pleased to present a stabilized, 40-unit multifamily property offered for sale. The building is currently 100.0% occupied, and recent ownership has completed capital replacements and upgrades, including replacing HVAC units as needed, demolishing and rebuilding FDC riser rooms with cinder block construction, and adding a water heater room for a laundry center. The property is served by central HVAC, with compressors located behind the buildings.
The property is located at 1610 E Plum St in Laredo, Texas. Current ownership self-manages the asset and is willing to remain after the sale for approximately $1,250 per month. Current annual NOI is stated as $198,380, with underwriting indicating additional room for income through rent optimization and potential fee structures.
Per the provided financial summary, a new owner may be able to increase rents up to $81 per unit based on area rent comps, resulting in a projected annual NOI of $220,391. The remarks also note opportunities to implement additional income fees and to pursue water conservation measures to reduce water expenses.
The property is located at 1610 E Plum St in Laredo, Texas. Current ownership self-manages the asset and is willing to remain after the sale for approximately $1,250 per month. Current annual NOI is stated as $198,380, with underwriting indicating additional room for income through rent optimization and potential fee structures.
Per the provided financial summary, a new owner may be able to increase rents up to $81 per unit based on area rent comps, resulting in a projected annual NOI of $220,391. The remarks also note opportunities to implement additional income fees and to pursue water conservation measures to reduce water expenses.
Key Highlights
- 100% occupied, stabilized 40‑unit multifamily property in Laredo, TX
- Current ownership replaced HVAC units as needed; central HVAC with compressors located behind the buildings
- Capital improvements include demolition of FDC riser rooms and replacement with cinder block construction plus addition of a water heater room for the laundry center
Property Analytics
Current Use
Lease Details
40
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
858
Businesses Nearby
Explore this area
Business Placement
Demographics for 78043, TX
43,473
Population
14,263
Households
3
Avg Household Size
30
Median Age
13%
College-Educated
65%
High-School Grad
177.1 sq mi
ZIP Area
245
Density / Sq Mi
$54,280
Median Household Income
$27,651
Median Earnings
$954
Median Rent
$151,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Stabilized 40-unit multifamily with 100% occupancy, central HVAC, and capital improvements including updated laundry and HVAC systems.
Where is this apartment building located?
The property is located at 1610 E Plum St Laredo, TX.
What are key features of this property?
This property features: 100% occupied, stabilized 40‑unit multifamily property in Laredo, TX; Current ownership replaced HVAC units as needed; central HVAC with compressors located behind the buildings; Capital improvements include demolition of FDC riser rooms and replacement with cinder block construction plus addition of a water heater room for the laundry center
