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    294 Venus St Rio Grande City, TX 78582

    For Sale
    $219,000

    Four-unit apartment building, great investment.

    Property size:
    1,932 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional investment opportunity presents a four-unit apartment building located at 294 W Venus Street in Rio Grande City, Texas, 78582. Built in 1997, the property boasts a total of 1,932 square feet across its four units, currently all rented out, providing immediate cash flow. The building sits on a sizable 6,534 square foot lot, offering significant potential for expansion. This presents a unique advantage for investors looking to increase the property's value and rental income. The property's location in Rio Grande City provides access to a growing market, making it an attractive investment for both short-term and long-term growth. The asking price for this turnkey multifamily property is $219,000. The included extra lot provides ample space for future development, allowing for expansion of the existing apartment complex or the creation of additional rental units. This is a rare opportunity to acquire a well-maintained, income-producing property with significant upside potential in a desirable location. All units are currently occupied, ensuring a steady stream of rental income from day one. Don't miss this chance to secure a profitable investment in the thriving Rio Grande City market.

    Property Features for 294 Venus St

    General Information

    Property type
    Multifamily properties
    Square Feet
    1,932 SF

    Building Details

    Year Built
    1997
    Buildings
    1
    Units
    4

    HighLights

    • Four‑unit apartment building in Rio Grande City, TX.
    • 1,932 square feet on a 6,534 square foot lot.
    • Currently 100% occupied, generating immediate cash flow.
    • Asking price: $219,000.
    • Significant expansion potential on the large lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Restaurant Spa & Massage Hair Salon Nail Salon Gym & Fitness Auto Repair Shop Grocery Store Food Market Cafe & Coffee Shop Convenience Store

    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
    -98.9183038
    Latitude
    26.4121606

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    FAQs

    What type of property is this?
    Multifamily property - Four-unit apartment building, great investment.
    Where is this multifamily property located?
    The property is located at 294 Venus St Rio Grande City, TX.
    What is the asking price?
    The asking price for this property is $219,000.
    What are key features of this property?
    This property features: Four-unit apartment building in Rio Grande City, TX.; 1,932 square feet on a 6,534 square foot lot.; Currently 100% occupied, generating immediate cash flow.
    Request Owner's contact information
    294 Venus St Rio Grande City, TX 78582
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    Rio Grande City, 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
    294 Venus St Rio Grande City, TX 78582
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