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Property profile & analytics
OFF-MARKET
Apartment buildings

220 Huisache St Rio Grande City, TX 78582

Built 2008
Property ID
Property summary
AI-generated overview

This exceptional investment opportunity presents a well-maintained three-unit apartment building located at 220 Huisache Street, Rio Grande City, Texas, 78582. Constructed in 2008, this property sits on a spacious 11,499.84 square foot lot. The building comprises three individual units, each boasting two bedrooms and two bathrooms, complete with convenient washer and dryer hookups. Each unit also offers covered parking for two vehicles. This triplex has a proven track record of consistent occupancy, demonstrating a high net operating income (NOI) with minimal vacancies over the years. The asking price for this property is $245,000. Note that two additional triplexes in close proximity are also available for purchase from the same seller. This presents a unique opportunity to acquire a portfolio of similar properties in a desirable location. The property's strong rental history and desirable features make it an attractive investment for both seasoned and new investors seeking a stable and profitable venture in the Rio Grande City market. This is a turnkey investment ready for immediate income generation.

Property profile
Verified
Property type Apartment buildings
Year built 2008
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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