1014 Cedarwood Dr Rio Grande City, TX 78582
- Small apartment buildings
Current Use by Public Records
- Small apartment buildings
Property Details for 1014 Cedarwood Dr
- Year built
- 2007
- Property type
- Small apartment buildings
Description
This exceptional Class A multifamily investment opportunity in Rio Grande City, Texas, presents four individual apartment buildings on a spacious 12,350 sq ft lot. Built in 2007, the property comprises four units, offering a compelling blend of established rental income and significant upside potential. Currently rented below market rates, the three-bedroom units command a potential rental income of $850 per month, while the two-bedroom units could fetch $750 per month. The property's prime location, just three blocks from Dr. Mario Ramirez Elementary School and approximately one mile from City Hall and US Highway 83, ensures strong tenant demand. The proximity to schools, shopping, and entertainment venues further enhances its appeal. The high concentration of professionals in the immediate area guarantees excellent rental opportunities and a stable investment. This turnkey investment is priced at $329,000 and offers a rare chance to acquire a well-maintained, high-performing multifamily property in a thriving Texas market. The property's strong fundamentals and strategic location make it an ideal addition to any investor's portfolio. This is a fantastic opportunity to capitalize on the robust rental market and secure a significant return on investment. Don't miss out on this exceptional opportunity to own a piece of Rio Grande City's thriving real estate market.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Rio Grande City
- County
- Starr
- State
- Texas
- Longitude
- -98.7775872
- Latitude
- 26.3393344
