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Furnished Corporate Units Near Highway
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1609 N Hill St, Three Rivers, TX 78071

28 furnished units near Highway 281, ideal for corporate housing.

Property SizeContact for details
Days on Market1439

Property Features for 1609 N Hill St

General Information

Standard status Active
Class B
Property subtype Multifamily
Zoning Commercial
Occupancy 61%
Investment Type Value Add
Net Operating Income $84,794

Building Details

Year Built 2013
Buildings 2
Stories 2
Units 28
Listing Agency: EIM Real Estate Advisors LLC
Listed By: Adrian Gracia · License #TX 0648890
Source: Crexi
Added: Sep 17, 2022 Changed: Aug 10 Last Checked: Aug 25 at 8:50AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EIM Real Estate Advisors LLC

Investment Insights

Based on property information with market context.

This multifamily asset features 28 fully furnished corporate units completed in 2013. The units include granite countertops, solid wood doors, and laundry rooms, with no carpet. The property is located off Highway 281, approximately 3 miles from the intersection of Highway 281 and I-37, and 1.5 miles from the Valero Refinery. The location is in an area experiencing a shortage of housing for oil workers.

Key Highlights

  • Fully furnished corporate units, ready for immediate occupancy.
  • Located in an area with a severe housing shortage for oil workers.
  • Proximity to Valero Refinery (1.5 miles).

Property Analytics

Current Use

Eagle Ford Apartments Vacation Rental

Suggested Use

Top Pick Plumbing Service Storage Facility Garden Center (Bike/Boat/Book/etc) Store Cafe & Coffee Shop Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

78
Businesses Nearby

Demographics for 78071, TX

4,124
Population
1,481
Households
2.8
Avg Household Size
39
Median Age
10%
College-Educated
66%
High-School Grad
313.9 sq mi
ZIP Area
13
Density / Sq Mi
$44,910
Median Household Income
$42,308
Median Earnings
$943
Median Rent
$160,900
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - 28 furnished units near Highway 281, ideal for corporate housing.
Where is this apartment building located?
The property is located at 1609 N Hill St Three Rivers, TX.
What is the asking price?
The asking price for this property is $2,195,000.
What are key features of this property?
This property features: Fully furnished corporate units, ready for immediate occupancy.; Located in an area with a severe housing shortage for oil workers.; Proximity to Valero Refinery (1.5 miles).
(210) 400-2588 Call to check price and availability
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