1201 Cornerstone Loop Rio Grande City, TX 78582
- Small apartment buildings
Current Use by Public Records
- Small apartment buildings
Property Details for 1201 Cornerstone Loop
- 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, this property boasts four units, offering a compelling blend of established income and significant upside potential. The property's strategic location, just three blocks from Dr. Mario Ramirez Elementary and approximately one mile from City Hall and US Highway 83, ensures strong tenant demand. Currently, the units are rented below market rates, presenting a clear path to increased profitability. Three-bedroom units could command $850 per month, while two-bedroom units could achieve $750 per month, significantly boosting the property's cash flow. The proximity to schools, shopping, and entertainment, coupled with a high concentration of professionals in the area, guarantees consistent occupancy and strong rental income. 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 solid construction and desirable location make it an ideal addition to any investor's portfolio. Don't miss this opportunity to capitalize on the strong rental market and secure a significant return on your investment. The address is 1201 Cornerstone Loop, Rio Grande City, TX 78582.
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
- -98.773862
- Latitude
- 26.3407439
