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    5302 Vision St La Grulla, TX 78582

    For Sale
    $330,000

    Three-unit apartment building, new construction.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    Exceptional investment opportunity awaits with this newly constructed three-unit apartment building located at 5302 Vision Street, Rio Grande City, Texas, 78582. This property boasts a prime location near major shopping centers, schools, hospitals, and highways, ensuring high tenant demand. The complex comprises two buildings, each featuring two-bedroom, one-bathroom units, totaling three units in all. Built in 2024, this property sits on a spacious 5,719.86 square foot lot. The asking price is $330,000. Tenants are responsible for their own utilities, minimizing owner expenses and maximizing rental income potential. The property's strategic location and the potential for strong rental income make this a stable investment with significant long-term growth prospects. This is a rare opportunity to acquire a newly built multifamily property in a thriving market, offering immediate cash flow and substantial future appreciation. Don't miss this chance to secure your position in this dynamic real estate market. Projected completion is within eight weeks.

    Property Features for 5302 Vision St

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    2024
    Buildings
    2
    Units
    3

    HighLights

    • Newly constructed three‑unit apartment building in Rio Grande City, TX.
    • Prime location near shopping, schools, hospitals, and highways.
    • Three two‑bedroom, one‑bathroom units totaling 5,719.86 sq ft lot.
    • Asking price: $330,000.
    • Tenants pay utilities, maximizing owner income.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Map

    City
    La Grulla
    County
    Starr
    State
    Texas
    Longitude
    -98.6612031
    Latitude
    26.2856524

    Nearby Comparable

    • $330,000

      Rio Grande City Triplex Investment

      Three-unit apartment building, new construction.
      5321 Vision St, La Grulla, TX 78582
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    • $330,000

      Rio Grande City Triplex Investment

      Three-unit apartment building, new construction.
      5323 Vision St, La Grulla, TX 78582
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    • $340,000

      Brand New Triplex in Rio Grande City

      Texas Triplex - 3 Units, $340,000
      5308 Vision St, La Grulla, TX 78582
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    • $460,000
      Pending

      Mixed-Use Property in Rio Grande

      Mixed-use property on 4.24 acres, great investment opportunity.
      000 E Us Highway 83, Rio Grande City, TX 78582
      View Details

    Nearby Similar for Sale

    • $340,000

      Brand New Triplex in Rio Grande City

      Texas Triplex - 3 Units, $340,000
      5308 Vision St, La Grulla, TX 78582
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    • $330,000

      Rio Grande City Triplex Investment

      Three-unit apartment building, new construction.
      5323 Vision St, La Grulla, TX 78582
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    • $330,000

      Rio Grande City Triplex Investment

      Three-unit apartment building, new construction.
      5321 Vision St, La Grulla, TX 78582
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    FAQs

    What type of property is this?
    Multifamily property - Three-unit apartment building, new construction.
    Where is this multifamily property located?
    The property is located at 5302 Vision St La Grulla, TX.
    What is the asking price?
    The asking price for this property is $330,000.
    What are key features of this property?
    This property features: Newly constructed three-unit apartment building in Rio Grande City, TX.; Prime location near shopping, schools, hospitals, and highways.; Three two-bedroom, one-bathroom units totaling 5,719.86 sq ft lot.
    Request Owner's contact information
    5302 Vision St La Grulla, TX 78582
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    La Grulla, TX 78582
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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
    5302 Vision St La Grulla, TX 78582
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