Current Use by Public Records
- Apartment buildings
Property Details for 2626 Avenue C
- Year built
- 2023
- Lot size
- 0.35 lot acres
- Property type
- Apartment buildings
Description
This exceptional investment opportunity presents a fully occupied, four-unit apartment building in Ingleside, Texas. Constructed in 2023 from repurposed shipping containers, this two-story building boasts 800 square feet per unit, totaling 3200 square feet on a 0.35-acre lot. Each unit is furnished and features an open floor plan, modern appliances, central air conditioning and heat, laminate flooring, solid countertops, and ample storage. The property enjoys 100% occupancy, generating a substantial net operating income (NOI) of $91,100, resulting in a compelling 10.99% capitalization rate. The asking price is $829,300, or $2160 per unit. Situated in a prime location, the property is conveniently close to local amenities, offering residents easy access to shops, restaurants, and recreational activities. The property is zoned R and features ample parking and landscaping, enhancing its appeal and value. This turnkey investment provides immediate cash flow and significant potential for future appreciation. The well-maintained structure, combined with its strong financial performance and desirable location, makes this a truly remarkable opportunity for discerning investors seeking a high-return, low-maintenance property. The building's unique construction from repurposed shipping containers offers both durability and a modern aesthetic.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Ingleside
- County
- San Patricio
- State
- Texas
- Longitude
- -97.2131
- Latitude
- 27.8747
