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Property profile & analytics
OFF-MARKET
Apartment buildings

601 Ricky Crossland Ave Elsa, TX 78543

1 SF 0.23 ac lot Built 1994
Property ID
Property summary
AI-generated overview

This exceptional investment opportunity presents a three-unit apartment building ideally situated in Elsa, Texas, at 601 E Ricky Crossland Avenue, zip code 78543. Built in 1994, this property boasts two single-story buildings situated on a 0.234-acre lot, providing ample space and parking for residents. The property features a total of four parking spaces. Each of the three units benefits from its own separate electricity meter, ensuring efficient utility management. All units share a single water meter. Currently operating at 100% occupancy, the property generates a monthly rental income of $2,265. This translates to a strong return on investment. The property's prime location offers convenient access to local amenities, being just one block away from a HEB grocery store and various restaurants. Seller financing is available with attractive terms: 20% down payment, 10% interest rate, and a loan term of up to 20 years, resulting in monthly payments of $1,399.28 (excluding taxes and insurance). This turnkey investment is ready for immediate income generation. The property's size is not specified in the provided information.

Property profile
Verified
Property type Apartment buildings
Year built 1994
Total area 1 SF
Lot 0.23 ac (10,193 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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