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    1014 Cedarwood Dr Rio Grande City, TX 78582

    For Sale
    $329,000

    Four-plex, High-Yield Potential, Texas

    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, the property comprises four units, offering a compelling blend of established rental income and significant upside potential. Currently rented below market rates, the three-bedroom units command a potential rental income of $850 per month, while the two-bedroom units could fetch $750 per month. The property's prime location, just three blocks from Dr. Mario Ramirez Elementary School and approximately one mile from City Hall and US Highway 83, ensures strong tenant demand. The proximity to schools, shopping, and entertainment venues further enhances its appeal. The high concentration of professionals in the immediate area guarantees excellent rental opportunities and a stable investment. 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 strong fundamentals and strategic location make it an ideal addition to any investor's portfolio. This is a fantastic opportunity to capitalize on the robust rental market and secure a significant return on investment. Don't miss out on this exceptional opportunity to own a piece of Rio Grande City's thriving real estate market.

    Property Features for 1014 Cedarwood Dr

    General Information

    Property type
    Multifamily properties
    Class
    A

    Building Details

    Year Built
    2007
    Buildings
    4
    Units
    4

    HighLights

    • Class A multifamily investment opportunity in Rio Grande City, TX.
    • Four individual apartment buildings on a 12,350 sq ft lot, built in 2007.
    • Four units total; three 3‑bedroom units and one 2‑bedroom unit.
    • Potential rental income of $850/month for 3‑bedroom units and $750/month for 2‑bedroom units.
    • Prime location, three blocks from Dr. Mario Ramirez Elementary School and one mile from City Hall and US Highway 83.
    • Priced at $329,000.
    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 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
    -98.7775872
    Latitude
    26.3393344

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    FAQs

    What type of property is this?
    Multifamily property - Four-plex, High-Yield Potential, Texas
    Where is this multifamily property located?
    The property is located at 1014 Cedarwood Dr 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: Class A multifamily investment opportunity in Rio Grande City, TX.; Four individual apartment buildings on a 12,350 sq ft lot, built in 2007.; Four units total; three 3-bedroom units and one 2-bedroom unit.
    Request Owner's contact information
    1014 Cedarwood Dr 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
    1014 Cedarwood Dr Rio Grande City, TX 78582
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