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220 Huisache St Rio Grande City, TX 78582

Sponsored
For Sale
$245,000

Three-unit apartment building, high NOI.

Description

Added:
Dec 11, 2024
Days on Market:
392
This exceptional investment opportunity presents a well-maintained three-unit apartment building located at 220 Huisache Street, Rio Grande City, Texas, 78582. Constructed in 2008, this property sits on a spacious 11,499.84 square foot lot. The building comprises three individual units, each boasting two bedrooms and two bathrooms, complete with convenient washer and dryer hookups. Each unit also offers covered parking for two vehicles. This triplex has a proven track record of consistent occupancy, demonstrating a high net operating income (NOI) with minimal vacancies over the years. The asking price for this property is $245,000. Note that two additional triplexes in close proximity are also available for purchase from the same seller. This presents a unique opportunity to acquire a portfolio of similar properties in a desirable location. The property's strong rental history and desirable features make it an attractive investment for both seasoned and new investors seeking a stable and profitable venture in the Rio Grande City market. This is a turnkey investment ready for immediate income generation.

Property Features for 220 Huisache St

General Information

Property type
Multifamily properties

Building Details

Year Built
2008
Buildings
1
Units
3

HighLights

  • Three‑unit apartment building in Rio Grande City, TX.
  • Built in 2008, situated on an 11,499.84 sq ft lot.
  • Each unit features two bedrooms, two bathrooms, and washer/dryer hookups.
  • Each unit includes covered parking for two vehicles.
  • Strong rental history with high NOI and low vacancy.
  • Asking price: $245,000.
Property Profile Location Intelligence

Current Use by Public Records

Small apartment buildings

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Pharmacy

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Rio Grande City
County
Starr
State
Texas
Longitude
-98.8407865
Latitude
26.3899266

FAQs

What type of property is this?
Multifamily property - Three-unit apartment building, high NOI.
Where is this multifamily property located?
The property is located at 220 Huisache St Rio Grande City, TX.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: Three-unit apartment building in Rio Grande City, TX.; Built in 2008, situated on an 11,499.84 sq ft lot.; Each unit features two bedrooms, two bathrooms, and washer/dryer hookups.
More about this property
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