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2095 La Palma St, San Benito, TX, 78586

3beds
2baths
23,816sqft
$1,975,000
$83price/sqft
$16,602/moest. monthly cost
$664,080/yrincome needed

About This Home

Prime 36-Unit Apartment Complex. Strong Income & Value-Add Potential. Multifamily investment opportunity. This 36-unit apartment complex features a mix of 34 two-bedroom units and 2 one-bedroom units, offering a solid foundation of stable rental income with room for upside through continued renovations and management efficiencies. Units feature semi-updated interiors. All electrical is individually metered, providing utility cost transparency for tenants, while water is serviced by two master meters. Key property features include: On-site laundry facilities for additional revenue, ample parking, office space (may be convertible into additional units or other income-generating use), and strategic location. The complex enjoys strong occupancy and presents a clear opportunity to increase NOI through rental growth, operational efficiencies, and selective capital improvements. Financial packet, pro forma, and rent roll available upon request.

Getting Around

34
WalkingCar-Dependent
0
TransitVery Limited Transit
36
BikeSomewhat Bikeable

Schools

5/10
2/10
San Benito High SchoolGrades 10-120.3 mi

Construction

Condition

  • Year built: 1994

Materials

  • Foundation: Slab
  • Roof: Composition
  • Construction materials: Brick,Wood Siding

Type & Style

  • Home type: MultiFamily
  • Property subType: Apartment,Multi Family

Interior

Appliances

  • Appliances included: Electric Water Heater,Refrigerator,Stove/Range
  • Laundry features: Laundry Area

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2

Features

  • Ceiling Fan(s)
  • Window features: Double Pane Windows
  • Flooring: Carpet,Other,Vinyl

Heating & Cooling

  • Heating features: Has Heating (Unspecified Type)
  • Cooling features: Central Air,Electric

Interior Area

  • Total structure area: 23,816
  • Total interior livable area: 23,816 sqft

Property

Details

  • Parcel number: 6108201240009310

Features

  • Patio & porch: Deck/Balcony/Porch
  • Fencing: Chain Link,Non Privacy

Lot

  • Lot size: 1.20 Acres

Parking

  • Parking features: No Carport,No Garage