3803 Clavel St Palmview, TX 78572
This exceptional 8-unit apartment building, constructed in 1999, presents a compelling investment opportunity in Palmview, Texas. Located at 3803 Clavel Street, 78572, this property sits on a sizable 11,661.01 square foot lot. The building comprises eight 2-bedroom, 1-bathroom units, each featuring all-wood cabinetry and tile flooring throughout. Separate living and dining areas add to the appeal, and kitchen appliances are included. Each unit boasts two designated parking spaces for resident convenience. Currently, all units are leased, providing immediate cash flow, with potential for rental increases upon lease renewal. Tenants are responsible for their own electricity and water; individual water meters are installed for each unit. The owner's responsibilities are limited to landscaping and dumpster fees, minimizing operational overhead. The property's advantageous location near excellent schools and the expressway ensures high occupancy rates and ease of commuting for residents. This turnkey investment is zoned for multifamily use and offers a strong return on investment. The property's size and location make it an ideal addition to any portfolio. Don't miss this chance to acquire a well-maintained, income-producing asset in a desirable Texas market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.