2500 26Th St Plainview, TX 79072
- Commercial real estate
Current Use by Public Records
- Edgemere Apartments / Apartment Building
Property Details for 2500 26Th St
- Year built
- 1959
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a 40-unit apartment building located at 2500 W 26th, Plainview, TX 79072. Built in 1959, this two-story complex boasts 32,640 square feet of net rentable space. The property primarily consists of two-bedroom units, catering to a diverse tenant base. Situated in Hale County, this asset offers significant value-add potential. Implementing a RUBS system could optimize utility expense management, while interior renovations would enhance unit appeal and rental rates. Plainview's robust economy, driven by major employers such as Covenant Hospital, Walmart Distribution Center, United Supermarkets, and Wayland Baptist University, ensures a stable rental market and strong potential for increased net operating income (NOI). This property presents a compelling opportunity for investors seeking strong cash flow and significant upside through strategic improvements. The property's low basis and existing cash flow further enhance its attractiveness. Financial details are available upon request.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Plainview
- County
- Hale
- State
- Texas
- Longitude
- -101.7341503
- Latitude
- 34.2073049
