32-Unit Multifamily Investment
For Sale
Contact for pricing
5007 E US Highway 83, Rio Grande City, TX 78582
32-unit multifamily property with recent renovations and strong rental demand.
Property Size26,770 SF
Price / SF$67.24
Days on Market770
Property Features for 5007 E US Highway 83
General Information
Standard status
Active
Size
26,770 SF
Property subtype
Multifamily
Building Details
Year Built
2005
Buildings
2
Units
32
Listing Agency:
JUST REALTY
Listed By:
Monica Rodriguez Garza
(956) 655-8906
Source:
Crexi
Added: Jul 30, 2024
Changed: Aug 25
Last Checked: Sep 6 at 7:06AM
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 JUST REALTY
Investment Insights
Based on property information with market context.
This property features 32 units located in South Texas. Renovations have been completed over the last 4 years, including updates to roofs, A/C units, the parking area, and appliances. The roof was replaced as of 2021. Some units have been renovated with new and/or refurbished appliances. The parking area has been updated. The property is located in close proximity to shopping and restaurants. The region has been growing and developing rapidly, contributing to strong rental demand. The property size is 26770 square feet.
Key Highlights
- 32‑unit multi‑family property in a growing South Texas region.
- Significant renovations completed, including roofs replaced in 2021 and parking area.
- Opportunity to increase rental income.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
236
Businesses Nearby
Explore this area
Business Placement
Demographics for 78582, TX
43,253
Population
14,743
Households
2.9
Avg Household Size
31
Median Age
13%
College-Educated
61%
High-School Grad
565.3 sq mi
ZIP Area
77
Density / Sq Mi
$41,452
Median Household Income
$23,855
Median Earnings
$738
Median Rent
$102,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 32-unit multifamily property with recent renovations and strong rental demand.
Where is this apartment building located?
The property is located at 5007 E US Highway 83 Rio Grande City, TX.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 32‑unit multi‑family property in a growing South Texas region.; Significant renovations completed, including roofs replaced in 2021 and parking area.; Opportunity to increase rental income.
