97 Albeza Ave Rio Grande City, TX 78582
This 2-unit apartment building, located at 97 Albeza Avenue in Rio Grande City, Texas, presents a compelling investment opportunity. Built in 2008, the property boasts a total of 1,798 square feet across two units, situated on a generous 14,778.166 square foot lot. The property's strategic location between Los Alvarez and La Rosita ensures high occupancy rates, as evidenced by its consistently occupied units. The asking price is $219,000. A key advantage is the inclusion of an additional vacant lot, offering significant potential for future expansion. This could involve constructing additional units to increase rental income and further enhance the property's value. The well-maintained condition of the existing structure minimizes immediate capital expenditure needs, allowing for a quicker return on investment. This duplex is an ideal addition to an existing portfolio or a strong starting point for new investors seeking a stable and potentially expandable income stream in the Rio Grande City market. The property's zip code is 78582, and it is situated in Starr County. This turnkey investment opportunity is ready for immediate income generation and future growth.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.