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    21272 Ebony Rd Arroyo Gardens-La Tina Ranch, TX 78583

    For Sale
    $625,000

    8-Unit Apartment Complex, High Cash Flow

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional multifamily investment opportunity in Rio Hondo, Texas, presents a portfolio of five income-producing buildings situated on a generous 8.34-acre lot. The property comprises four freestanding homes and one five-plex, offering a diverse range of unit sizes and rental potential. The five-plex, constructed in 1990 and totaling 3,776 square feet, features three downstairs and two upstairs units, with two units recently remodeled. Among the freestanding homes, a 1,312-square-foot residence was built in 1992, while two others, built in 1980, offer 1,056 and 1,536 square feet respectively, each with three bedrooms and two bathrooms. A fourth freestanding home, built in 1970, provides 1,073 square feet with three bedrooms and one bathroom. Each building is equipped with its own septic system. The property's location in Arroyo Gardens-La Tina Ranch, with the address 21272 Ebony Road, Rio Hondo, TX 78583, offers strong potential for rental income and long-term appreciation. The asking price for this eight-unit complex is $625,000, representing a compelling investment opportunity in the thriving Texas market. The property was originally constructed in 1980, offering a blend of established and recently updated units. This is a rare chance to acquire a substantial multifamily property with proven cash flow and significant upside potential.

    Property Features for 21272 Ebony Rd

    General Information

    Property type
    Multifamily properties
    Lot Size
    363,290 SF

    Building Details

    Year Built
    1980
    Buildings
    5
    Units
    8

    HighLights

    • Exceptional multifamily investment opportunity in Rio Hondo, TX.
    • Portfolio of five income‑producing buildings on an 8.34‑acre lot.
    • Includes four freestanding homes and one five‑plex totaling eight units.
    • Five‑plex (3,776 sq ft, built 1990) features three downstairs and two upstairs units, with two recently remodeled.
    • Freestanding homes range from 1,056 sq ft to 1,536 sq ft, with various build dates (1970, 1980, 1992).
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Map

    City
    Arroyo Gardens-La Tina Ranch
    County
    Cameron
    State
    Texas
    Longitude
    -97.4814163
    Latitude
    26.2716724

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    FAQs

    What type of property is this?
    Multifamily property - 8-Unit Apartment Complex, High Cash Flow
    Where is this multifamily property located?
    The property is located at 21272 Ebony Rd Arroyo Gardens-La Tina Ranch, TX.
    What is the asking price?
    The asking price for this property is $625,000.
    What are key features of this property?
    This property features: Exceptional multifamily investment opportunity in Rio Hondo, TX.; Portfolio of five income-producing buildings on an 8.34-acre lot.; Includes four freestanding homes and one five-plex totaling eight units.
    Request Owner's contact information
    21272 Ebony Rd Arroyo Gardens-La Tina Ranch, TX 78583
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    21272 Ebony Rd Arroyo Gardens-La Tina Ranch, TX 78583
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