708 & 712 E Sugar Cane Dr are adjacent and identical properties, each consisting of two, three-unit apartment buildings that currently rent for $425/month/unit. All twelve units are two bedrooms, one and a half bathrooms, and feature spacious floor plans and central HVAC. The property is entirely fenced and offers a large, generously-shaded, grassy lawn for tenant enjoyment. With some minor improvements and renovation, rents could easily be grown 5% annually for the next three years. Currently being offered at a 9.5% cap rate.
Listing information provided by Rio Grande Valley MLS. IDX Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but not guaranteed accurate by the MLS.
Listing information last updated on May 30th, 2020 at 7:22am CDT.