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    1201 Cornerstone Loop Rio Grande City, TX 78582

    For Sale
    $329,000

    Fourplex, Prime Location, High Rental Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional Class A multifamily investment opportunity in Rio Grande City, Texas, presents four individual apartment buildings on a spacious 12,350 sq ft lot. Built in 2007, this property boasts four units, offering a compelling blend of established income and significant upside potential. The property's strategic location, just three blocks from Dr. Mario Ramirez Elementary and approximately one mile from City Hall and US Highway 83, ensures strong tenant demand. Currently, the units are rented below market rates, presenting a clear path to increased profitability. Three-bedroom units could command $850 per month, while two-bedroom units could achieve $750 per month, significantly boosting the property's cash flow. The proximity to schools, shopping, and entertainment, coupled with a high concentration of professionals in the area, guarantees consistent occupancy and strong rental income. This turnkey investment is priced at $329,000 and offers a rare chance to acquire a well-maintained, high-performing multifamily property in a thriving Texas market. The property's solid construction and desirable location make it an ideal addition to any investor's portfolio. Don't miss this opportunity to capitalize on the strong rental market and secure a significant return on your investment. The address is 1201 Cornerstone Loop, Rio Grande City, TX 78582.

    Property Features for 1201 Cornerstone Loop

    General Information

    Property type
    Multifamily properties
    Class
    A

    Building Details

    Year Built
    2007
    Buildings
    4
    Units
    4

    HighLights

    • $329,000 asking price for a Class A multifamily property.
    • Four‑unit apartment building (quadplex) built in 2007.
    • Located at 1201 Cornerstone Loop, Rio Grande City, TX 78582, on a 12,350 sq ft lot.
    • Four individual buildings on the property.
    • Units currently rented below market rate; potential for increased rental income.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Spa & Massage Hair Salon Nail Salon Hotel & Motel Gym & Fitness Food Market Grocery Store Cosmetics Store Nursing Home Butcher

    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
    -98.773862
    Latitude
    26.3407439

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    FAQs

    What type of property is this?
    Multifamily property - Fourplex, Prime Location, High Rental Potential
    Where is this multifamily property located?
    The property is located at 1201 Cornerstone Loop Rio Grande City, TX.
    What is the asking price?
    The asking price for this property is $329,000.
    What are key features of this property?
    This property features: $329,000 asking price for a Class A multifamily property.; Four-unit apartment building (quadplex) built in 2007.; Located at 1201 Cornerstone Loop, Rio Grande City, TX 78582, on a 12,350 sq ft lot.
    Request Owner's contact information
    1201 Cornerstone Loop 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
    1201 Cornerstone Loop Rio Grande City, TX 78582
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