97 Albeza Ave Rio Grande City, TX 78582
- Small apartment buildings
- 1,798 SF
Current Use by Public Records
- Small apartment buildings
Property Details for 97 Albeza Ave
- Year built
- 2008
- Property size
- 1,798 SF
- Property type
- Small apartment buildings
Description
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.
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
- -98.9154778
- Latitude
- 26.3925655
