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    131 Las Palmas St San Benito, TX 78586

    For Sale
    $349,000

    Four-unit apartment building, fully occupied.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional investment opportunity presents a fully occupied four-unit apartment building located at 131 Las Palmas Street, San Benito, Texas, 78586. Built in 1999, this property sits on a spacious 13,030.97 square foot lot and comprises a single building housing four generously sized units. Each unit boasts two bedrooms and two bathrooms, providing comfortable living spaces for tenants. The property's design includes private backyards for each unit, offering residents a degree of privacy and outdoor space. Covered parking is also provided for the convenience of all occupants. A key advantage for investors is that each tenant is responsible for their own utility payments, minimizing management complexities and maximizing rental income. The asking price for this turnkey investment is $349,000. This property presents a compelling opportunity for investors seeking a stable, cash-flowing asset in the desirable San Benito, Texas market. The property's strong occupancy rate and desirable features make it an attractive investment for both seasoned investors and those new to the multifamily market. The location in Cameron County, Texas, offers a promising environment for long-term growth and appreciation.

    Property Features for 131 Las Palmas St

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1999
    Buildings
    1
    Units
    4

    HighLights

    • $349,000 asking price.
    • Four‑unit multifamily apartment building.
    • Located at 131 Las Palmas Street, San Benito, TX 78586.
    • Built in 1999.
    • 13,030 square foot lot.
    • Each unit features two bedrooms and two bathrooms.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    San Benito
    County
    Cameron
    State
    Texas
    Longitude
    -97.6196611
    Latitude
    26.1283016

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    FAQs

    What type of property is this?
    Multifamily property - Four-unit apartment building, fully occupied.
    Where is this multifamily property located?
    The property is located at 131 Las Palmas St San Benito, TX.
    What is the asking price?
    The asking price for this property is $349,000.
    What are key features of this property?
    This property features: $349,000 asking price.; Four-unit multifamily apartment building.; Located at 131 Las Palmas Street, San Benito, TX 78586.
    Request Owner's contact information
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    San Benito, TX 78586
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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
    131 Las Palmas St San Benito, TX 78586
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