720 Kenedy Ave Kingsville, TX 78363
- Commercial real estate
- 10,478 SF
Current Use by Public Records
- Commercial real estate
Property Details for 720 Kenedy Ave
- Year built
- 1950
- Property size
- 10,478 SF
- Property type
- Commercial real estate
- APN
- 12423
Description
This exceptional investment opportunity presents a 14-unit apartment building located at 720 W Kenedy Ave, Kingsville, TX 78363. The property, situated on a 24,508 sq ft lot (APN 12423), comprises two, two-story buildings totaling 10,478 square feet. Built in 1950 and extensively renovated in 2023 and 2024, this Class B multifamily property offers a mix of 8 two-bedroom/one-bathroom and 6 one-bedroom/one-bathroom units. Each unit boasts modern amenities following recent renovations. The property features ample parking and convenient on-site coin-operated laundry facilities. Currently zoned for commercial use, this property is ideally located near Texas A&M Kingsville and NAS Kingsville, ensuring a strong tenant pool. The asking price is $1,200,000, translating to $114.53 per square foot and $85,714.29 per unit. The current owner is approved for Section 8 housing, providing a stable income stream. This is an owner/user investment opportunity with significant potential for consistent rental income. The property's strategic location and recent renovations make it an attractive investment for those seeking a strong return on investment in the thriving Kingsville market. This is a turnkey operation ready for immediate income generation.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Kingsville
- County
- Kleberg
- State
- Texas
- Longitude
- -97.8772572
- Latitude
- 27.5149013
