Multifamily Property with
For Sale
$329,000
710 Arroyo Blvd, Los Fresnos, TX 78566
Includes a one-bedroom, one-bath additional dwelling unit and an unfinished space for expansion.
Property Size1,839 SF
Price / SF$178.90
Days on Market74
Property Features for 710 Arroyo Blvd
General Information
Standard status
Active
Size
1,839 SF
Property subtype
Multi-Family
Additional Details
Road Access
Yes
Building Details
Year Built
1997
Listing Agency:
KELLER WILLIAMS LRGV
Listed By:
Jose Nieto · License #124_855
(956) 455-4347
Source:
Troygilesrealty
Added: Aug 2
Changed: Aug 30
Last Checked: Aug 25 at 3:48AM
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 KELLER WILLIAMS LRGV
Investment Insights
Based on property information with market context.
This multifamily property was built in 1997 and includes an additional dwelling unit configured with 1 bedroom and 1 bathroom. An unfinished unit is also present, providing additional space within the existing property configuration.
The property has frontage on Paredes Line Rd and is located near a high school and parks. Its multifamily layout, existing ADU, and unfinished unit are the primary physical features identified for the property.
The property has frontage on Paredes Line Rd and is located near a high school and parks. Its multifamily layout, existing ADU, and unfinished unit are the primary physical features identified for the property.
Key Highlights
- Additional dwelling unit with 1 bedroom and 1 bathroom
- One unfinished unit included on the property
- Built in 1997
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,914
Cap Rate
4.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$278,280
$278.3K
Cap Rate 7%
$198,771
$198.8K
Cap Rate 9%
$154,600
$154.6K
Market Conditions
NOI Build-Up for 1,839 SF
Gross rent
$27.1K $14.76/SF
− Vacancy
−$1.8K −$1.00/SF
EGI
$25.3K $13.76/SF
− OpEx
−$11.4K −$6.19/SF
NOI
$13.9K $7.57/SF
Area
Cameron County, TX
Vacancy
6.80%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$278,280
Cap Rate 7%
$198,771
Cap Rate 9%
$154,600
Alternative Uses
Best Use
Apartment 5plus
$198.8K
$173.9K – $231.9K
NOI $13,914 @ 7.0% cap · market cap 4.23%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$316.6K
$277.1K – $369.4K
NOI $22,165 @ 7.0% cap · market cap 6.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
364
Businesses Nearby
Explore this area
Business Placement
Demographics for 78566, TX
23,704
Population
8,275
Households
2.9
Avg Household Size
31
Median Age
20%
College-Educated
73%
High-School Grad
139.0 sq mi
ZIP Area
171
Density / Sq Mi
$64,385
Median Household Income
$36,605
Median Earnings
$863
Median Rent
$138,100
Median Home Value
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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?
Multifamily property - Includes a one-bedroom, one-bath additional dwelling unit and an unfinished space for expansion.
Where is this multifamily property located?
The property is located at 710 Arroyo Blvd Los Fresnos, TX.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: Additional dwelling unit with 1 bedroom and 1 bathroom; One unfinished unit included on the property; Built in 1997
