220 Huisache St Rio Grande City, TX 78582
- Apartment buildings
Current Use by Public Records
- Apartment buildings
Property Details for 220 Huisache St
- Year built
- 2008
- Property type
- Apartment buildings
- Property subtype
- Small apartment buildings
Description
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.
Value Estimation
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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
- -98.8408
- Latitude
- 26.3899
