294 Venus St Rio Grande City, TX 78582
- Small apartment buildings
- 1,932 SF
Current Use by Public Records
- Small apartment buildings
Property Details for 294 Venus St
- Year built
- 1997
- Property size
- 1,932 SF
- Property type
- Small apartment buildings
Description
This exceptional investment opportunity presents a four-unit apartment building located at 294 W Venus Street in Rio Grande City, Texas, 78582. Built in 1997, the property boasts a total of 1,932 square feet across its four units, currently all rented out, providing immediate cash flow. The building sits on a sizable 6,534 square foot lot, offering significant potential for expansion. This presents a unique advantage for investors looking to increase the property's value and rental income. The property's location in Rio Grande City provides access to a growing market, making it an attractive investment for both short-term and long-term growth. The asking price for this turnkey multifamily property is $219,000. The included extra lot provides ample space for future development, allowing for expansion of the existing apartment complex or the creation of additional rental units. This is a rare opportunity to acquire a well-maintained, income-producing property with significant upside potential in a desirable location. All units are currently occupied, ensuring a steady stream of rental income from day one. Don't miss this chance to secure a profitable investment in the thriving Rio Grande City market.
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
- -98.9183038
- Latitude
- 26.4121606
