21272 Ebony Rd Arroyo Gardens-La Tina Ranch, TX 78583
- Apartment buildings
- 8.34 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 21272 Ebony Rd
- Year built
- 1980
- Lot size
- 8.34 lot acres
- Property type
- Apartment buildings
- Property subtype
- Small apartment buildings
Description
This exceptional multifamily investment opportunity in Rio Hondo, Texas, presents a portfolio of five income-producing buildings situated on a generous 8.34-acre lot. The property comprises four freestanding homes and one five-plex, offering a diverse range of unit sizes and rental potential. The five-plex, constructed in 1990 and totaling 3,776 square feet, features three downstairs and two upstairs units, with two units recently remodeled. Among the freestanding homes, a 1,312-square-foot residence was built in 1992, while two others, built in 1980, offer 1,056 and 1,536 square feet respectively, each with three bedrooms and two bathrooms. A fourth freestanding home, built in 1970, provides 1,073 square feet with three bedrooms and one bathroom. Each building is equipped with its own septic system. The property's location in Arroyo Gardens-La Tina Ranch, with the address 21272 Ebony Road, Rio Hondo, TX 78583, offers strong potential for rental income and long-term appreciation. The asking price for this eight-unit complex is $625,000, representing a compelling investment opportunity in the thriving Texas market. The property was originally constructed in 1980, offering a blend of established and recently updated units. This is a rare chance to acquire a substantial multifamily property with proven cash flow and significant upside potential.
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
- Arroyo Gardens-La Tina Ranch
- County
- Cameron
- State
- Texas
- Longitude
- -97.4814
- Latitude
- 26.2717
