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Property profile & analytics
OFF-MARKET
Small apartment buildings

131 Las Palmas St San Benito, TX 78586

Built 1999
Property ID
US82-0237944
Property summary
AI-generated overview

This exceptional investment opportunity presents a fully occupied four-unit apartment building located at 131 Las Palmas Street, San Benito, Texas, 78586. Built in 1999, this property sits on a spacious 13,030.97 square foot lot and comprises a single building housing four generously sized units. Each unit boasts two bedrooms and two bathrooms, providing comfortable living spaces for tenants. The property's design includes private backyards for each unit, offering residents a degree of privacy and outdoor space. Covered parking is also provided for the convenience of all occupants. A key advantage for investors is that each tenant is responsible for their own utility payments, minimizing management complexities and maximizing rental income. The asking price for this turnkey investment is $349,000. This property presents a compelling opportunity for investors seeking a stable, cash-flowing asset in the desirable San Benito, Texas market. The property's strong occupancy rate and desirable features make it an attractive investment for both seasoned investors and those new to the multifamily market. The location in Cameron County, Texas, offers a promising environment for long-term growth and appreciation.

Property profile
Verified
Property type Small apartment buildings
Year built 1999
UPID US82-0237944
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
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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