40-Unit Multifamily
1610 E Plum St Laredo, TX 78043
1610 E Plum St, Laredo, TX, 78043
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For Sale
Contact for pricing
Pending
Stabilized 40-unit multifamily with 100% occupancy, central HVAC, and capital improvements including updated laundry and HVAC systems.
Days on Market102
Property Features for 1610 E Plum St
General Information
- Standard status
- Pending
- Property subtype
- Multifamily
Listing agency
Waller Group Homes
(214) 818-4109
Listed by
Logan Waller · License #TX 0479147
Source
Crexi
Added: Apr 12 Updated: Jul 22 at 3:00PM Checked: Jul 22 at 3:00PM
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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
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FAQs
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
