5335 Riverview St Robstown, TX 78380

Property Details for 5335 Riverview St

Year built

1999

Lot size

1.29 lot acres

Property type

Residential income homes

Description

This exceptional multifamily investment opportunity in Robstown, Texas, presents three substantial, fully occupied homes situated on a spacious 1.29-acre lot within the desirable Riverside Acres neighborhood. The property boasts three buildings, totaling three units, each with its own private driveway and ample parking within a brick-fenced perimeter. The main home, a two-story residence, offers 2,787 square feet of living space, including three large bedrooms, two bathrooms, a two-car garage, a spacious living area with a large fireplace and bar, and an oversized kitchen and dining area. The second dwelling is a two-story, three-bedroom, two-bathroom unit with a sizable living area, kitchen, and balcony, also featuring a three-car garage on the first floor. The third unit is a two-story, two-bedroom, one-bathroom home with living and kitchen areas upstairs and a two-car garage plus extensive storage/workshop space on the ground floor. Recent upgrades include new A/C units installed in 2023 and 2024 in two of the homes. The property is zoned for Calallen ISD, conveniently located just two miles from Hazel Park and twenty miles from downtown Corpus Christi. The current occupancy rate is 100%, with long-term tenants in place, generating a strong 8% cap rate on an asking price of $800,000. The property's substantial size and existing infrastructure present a significant opportunity for increased profitability through potential expansion. This is a turnkey investment ideal for a savvy investor seeking immediate cash flow and long-term growth potential.

Location Insight

City

Robstown

County

Nueces

State

Texas

Longitude

-97.662601688908

Latitude

27.861956923145