Current Use by Public Records
- Apartment buildings
Property Details for 412 Expy 83 Hwy
- Year built
- 1986
- Property type
- Apartment buildings
Description
This exceptional investment opportunity presents a well-maintained, 16-unit apartment complex ideally situated in San Juan, Texas. The property comprises two buildings totaling 12,060 square feet on a generous 26,775.89 square foot lot. Building one boasts ten two-bedroom units, while building two offers six one-bedroom units. Each apartment is equipped with central air conditioning, in-unit laundry hookups, a refrigerator, and a stove. Individual electricity meters ensure efficient utility management for tenants. The property benefits from ample parking and is known for its high occupancy rates due to its desirable location and spacious unit layouts. Its proximity to major highways, schools, and shopping centers, including Costco and Sam's Club, enhances its appeal and rental potential. Constructed in 1986, this turnkey property offers immediate income generation and represents a strong investment in the thriving Rio Grande Valley market. The asking price for this income-producing asset is $999,000. This is a rare opportunity to acquire a well-established multifamily property with significant upside potential. The property's strong tenant base and convenient location make it an attractive investment for both seasoned and new investors seeking a stable and profitable venture in a growing Texas 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
- San Juan
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.1578
- Latitude
- 26.201
