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    110 Rdg Ave San Juan, TX 78589

    For Sale
    $440,000

    Four-unit apartment building, excellent location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional investment opportunity presents a four-unit apartment building located at 110 S Ridge Avenue, San Juan, Texas, 78589. Built in 2012, the property boasts two buildings situated on a spacious 11,464.99 square foot lot. The four units are currently occupied, each offering two bedrooms and two bathrooms. Each unit is equipped with a stove, refrigerator, washer, and dryer, enhancing tenant appeal and minimizing vacancy concerns. The property provides ample parking with eight available carports, addressing a key tenant requirement. Its strategic location near the expressway ensures easy access to major transportation routes, while proximity to restaurants, hospitals, and plazas adds to its desirability. The asking price for this multifamily property is $440,000, representing a compelling investment in a thriving Texas community. This property offers a strong potential for rental income and long-term appreciation, making it an attractive option for both seasoned and new investors in the multifamily market. The property's solid construction and desirable features combine to create a low-maintenance, high-return investment opportunity.

    Property Features for 110 Rdg Ave

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    2012
    Buildings
    2
    Units
    4

    HighLights

    • Four‑unit apartment building in San Juan, TX.
    • Built in 2012 on an 11,464.99 sq ft lot.
    • Each of the four units features two bedrooms and two bathrooms.
    • Units include appliances (stove, refrigerator, washer, dryer).
    • Eight carports provide ample parking.
    • Excellent location near expressway, restaurants, hospitals, and plazas.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Map

    City
    San Juan
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.1493116
    Latitude
    26.2271552

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    FAQs

    What type of property is this?
    Multifamily property - Four-unit apartment building, excellent location.
    Where is this multifamily property located?
    The property is located at 110 Rdg Ave San Juan, TX.
    What is the asking price?
    The asking price for this property is $440,000.
    What are key features of this property?
    This property features: Four-unit apartment building in San Juan, TX.; Built in 2012 on an 11,464.99 sq ft lot.; Each of the four units features two bedrooms and two bathrooms.
    Request Owner's contact information
    110 Rdg Ave San Juan, TX 78589
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    San Juan, TX 78589
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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
    110 Rdg Ave San Juan, TX 78589
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