1809 Petersen St Palacios, TX 77465

This exceptional investment opportunity presents an eight-unit apartment building located in Palacios, Texas, at 1809 Petersen St, 77465. The property, boasting a 100% occupancy rate, comprises 6,464 square feet across a single, two-story building constructed in 1978. Each of the eight units features two bedrooms and one bathroom, offering a consistent and stable rental income stream. The property sits on a 0.344-acre lot and is classified as a Class B multifamily investment. The asking price is $599,000, translating to $92.67 per square foot and $74,875 per unit. This stabilized investment offers a compelling return on investment, further enhanced by its desirable coastal location and beautiful waterfront views. The property's APN is 37714. While the year of any renovations is unknown, the property benefits from its prime location and strong occupancy, making it an attractive addition to any portfolio. This is a fully occupied, stabilized investment property offering a rare opportunity in the coastal Texas market. The property is 100% owner-occupied.