Four-Unit Apartment
For Sale
$375,000
130 Wild Olive Cir. A B C D, San Benito, TX 78586
All four apartments are occupied, with water service paid by ownership.
Property Size3,100 SF
Price / SF$120.97
Days on Market94
Property Features for 130 Wild Olive Cir. A B C D
General Information
Standard status
Active
Size
3,100 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Average Monthly Rent
$750
Highway Access
Yes
Multifamily Units
4
Building Details
Year Built
2008
Listing Agency:
MKZ Realty
Listed By:
Edgar De La Garza · License #620_37
(956) 546-5053
Source:
Accessrealtyrgv
Added: Jul 13
Changed: Sep 13
Last Checked: Oct 11 at 11:14AM
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 MKZ Realty
Investment Insights
Based on property information with market context.
Built in 2008, this four-unit apartment property contains 3,100 square feet across four 2-bedroom, 1-bath apartments. The units are identified as A, B, C, and D, and each apartment has been rented.
The property is located on Wild Olive Circle in San Benito, near an expressway. Ownership pays the water service, providing a consistent utility arrangement across the property. The asset includes 2 car spaces and has all four units occupied.
The property is located on Wild Olive Circle in San Benito, near an expressway. Ownership pays the water service, providing a consistent utility arrangement across the property. The asset includes 2 car spaces and has all four units occupied.
Key Highlights
- Four‑unit apartment property with all 4 units rented
- Each apartment has 2 bedrooms and 1 bathroom
- 3,100 square feet of property size
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,576
Cap Rate
6.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$511,520
$511.5K
Cap Rate 7%
$365,371
$365.4K
Cap Rate 9%
$284,178
$284.2K
Market Conditions
NOI Build-Up for 3,100 SF
Gross rent
$39.1K $12.60/SF
− Vacancy
−$2.5K −$0.81/SF
EGI
$36.5K $11.79/SF
− OpEx
−$11.0K −$3.54/SF
NOI
$25.6K $8.25/SF
Area
Cameron County, TX
Vacancy
6.46%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$511,520
Cap Rate 7%
$365,371
Cap Rate 9%
$284,178
Alternative Uses
Best Use
Multifamily LT 5
$365.4K
$319.7K – $426.3K
NOI $25,576 @ 7.0% cap · market cap 6.82%
Second Best
Apartment 5plus
$335.1K
$293.2K – $390.9K
NOI $23,455 @ 7.0% cap · market cap 6.25%
Theoretical Best
Healthcare Medical
$533.8K
$467.1K – $622.7K
NOI $37,364 @ 7.0% cap · market cap 9.96%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
445
Businesses Nearby
Explore this area
Business Placement
Demographics for 78586, TX
50,135
Population
16,145
Households
3.1
Avg Household Size
32
Median Age
12%
College-Educated
64%
High-School Grad
152.5 sq mi
ZIP Area
329
Density / Sq Mi
$44,158
Median Household Income
$25,906
Median Earnings
$839
Median Rent
$83,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - All four apartments are occupied, with water service paid by ownership.
Where is this quadplex located?
The property is located at 130 Wild Olive Cir. A B C D San Benito, TX.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Four‑unit apartment property with all 4 units rented; Each apartment has 2 bedrooms and 1 bathroom; 3,100 square feet of property size
