401 Bethel St Roma, TX 78584
- Commercial real estate
- 7,544 SF
- 0.21 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 401 Bethel St
- Year built
- 1985
- Lot size
- 0.21 lot acres
- Property size
- 7,544 SF
- Property type
- Commercial real estate
Description
This stabilized, 10-unit apartment building in Roma, Texas presents a compelling investment opportunity. The property boasts 7,544 square feet of net rentable space, spread across a two-story building on a 0.212-acre lot. Built in 1985 and renovated within the last two years, the complex features ten two-bedroom, one-bathroom units, currently enjoying a 90% occupancy rate. Each unit is priced at $56,000, with the entire complex listed at $560,000. The property's strong performance is reflected in its impressive 8.24% cap rate and a projected Net Operating Income (NOI) of $46,122 at 90% occupancy. The property is classified as a Class C multifamily investment and offers a stable income stream with potential for future value appreciation through further renovations or rent increases. Located at 401 Bethel St, Roma, TX 78584, this complex benefits from its proximity to local amenities. The sale includes a branded website. The property is offered free and clear of ground leases, with 100% ownership included in the sale. The projected occupancy date is October 27, 2024. This is a 1031 exchange eligible property.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Roma
- County
- Starr
- State
- Texas
- Longitude
- -99.0117919
- Latitude
- 26.4062853
