164 W Us Highway 83 Highway, Rio Grande City, TX 78582
- $299,000
- 4,437
- SqFt
- List Price
- $299,000
- Status
- ACTIVE
- MLS#
- 509418
- Living Area
- 4,437
- Lot Size (Acres)
- 0.5
- Year Built
- 1995
Property Description
Exceptional income-producing multifamily investment opportunity in Rio Grande City, TX. The property includes eight (8) apartment units and one (1) detached pier-and-beam single-family residence across three building structures. Apartment improvements consist of seven (7) 1-bedroom/1-bath units and one (1) 2-bedroom/1-bath unit, plus a 3-bedroom/1-bath home. Currently 100% occupied with established tenants, the property offers immediate cash flow and value-add potential. Situated on approximately 0.50 acres with 214 feet of frontage along Old US Hwy 83, the property offers future upside through rental growth, operational efficiencies, or site improvements (subject to applicable approvals). Seller-provided financials indicate an approximate 13% capitalization rate. Conveniently located near the Rio Grande City Medical Corridor, UTRGV Starr County Campus, South Texas College, shopping, dining, schools, and major employers.
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Additional Information
- Area
- Rio Grande City
- Subdivision
- Porcion 78
- Stories
- 1
- Interior Features
- Ceiling Fan(s)
- Amenities
- None
- Heating
- Electric
- School District
- Rio Grande ISD
- Elementary School
- Roque-Guerra
- Middle School
- Veterans
- High School
- Rio Grande City H.S.
Mortgage Calculator
Listing courtesy of Coldwell Banker Commercial Rio Grande Valley.