Current Use by Public Records
- Apartment buildings
Property Details for 5641 Tampico St
- Year built
- 2002
- Property type
- Apartment buildings
- Property subtype
- Small apartment buildings
Description
This exceptional investment opportunity presents a three-unit multifamily property located at 5641 Tampico Street, Rio Grande City, Texas, 78582. Built in 2002, the property consists of two buildings, offering a total of three units. The property features a mix of unit sizes, including two two-bedroom, one-bathroom units and one one-bedroom, one-bathroom unit. Each unit boasts its own separate water and electric meter, ensuring efficient utility management and tenant responsibility for all utilities. This translates to a streamlined approach to property management and potentially higher rental income. The property's strategic location in Rio Grande City offers convenient access to local amenities, including restaurants and shopping, making it attractive to a wide range of tenants. The asking price for this turnkey investment is $165,000. This multifamily property presents a compelling opportunity for investors seeking a strong return on investment in a desirable location. The property's solid construction and well-maintained units contribute to its overall appeal and potential for long-term profitability. The individual metering system further enhances the property's financial advantages. This is a rare opportunity to acquire a well-situated, income-generating property in a growing market.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Rio Grande City
- County
- Starr
- State
- Texas
- Longitude
- -98.7577
- Latitude
- 26.3515
