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Property profile & analytics
OFF-MARKET
Apartment buildings

283 Nicolas Lopez St Rio Grande City, TX 78582

Built 2001
Property ID
Property summary
AI-generated overview

This exceptional investment opportunity presents a two-unit duplex ideally situated in the rapidly expanding Rio Grande City, Texas. Located just one block from Highway 83, this property boasts unparalleled convenience and accessibility. Built in 2001, the single building sits on a generous 5,249.85 square foot lot. Each of the two identical units offers two bedrooms and one bathroom, providing comfortable and functional living spaces for tenants. The property's strategic location and the strong rental demand in the area make it an attractive prospect for investors seeking a stable and profitable income stream. The asking price of $80,000 represents a compelling value for a turnkey investment property in a thriving market. This duplex presents a rare chance to acquire a well-maintained, income-producing asset in a high-growth region of the Rio Grande Valley. The identical unit layouts simplify management and maintenance, further enhancing the property's appeal to discerning investors. Don't miss this chance to secure a piece of the Rio Grande Valley's burgeoning real estate market. This property is priced to sell quickly.

Property profile
Verified
Property type Apartment buildings
Year built 2001
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
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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