About 2095 Las Palmas Dr.
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.
Features of 2095 Las Palmas Dr.
| MLS® # | 29765534 |
|---|---|
| Price | $1,975,000 |
| Square Footage | 23,816 |
| Acres | 1.20 |
| Year Built | 1994 |
| Type | Multi-Family |
| Sub-Type | Apartment (10+) |
| Status | Active |
Community Information
| Address | 2095 Las Palmas Dr. |
|---|---|
| Area | San Benito |
| Subdivision | San Benito Land & Water Co |
| City | San Benito |
| County | Cameron |
| State | TX |
| Zip Code | 78576 |
Amenities
| Amenities | No Special Amenities |
|---|---|
| Features | None |
| Garages | One Car |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Vinyl/Linoleum, Carpet, Linoleum, Other-See Remarks |
|---|---|
| Interior Features | Vinyl/Linoleum, Carpet, Linoleum, Other-See Remarks |
| Appliances | Stove/Range, Refrigerator |
| Heating | Brick, Vinyl Siding - rmvd |
| Fireplace | No |
| Stories | 2 |
| Has Basement | No |
Exterior
| Exterior | Brick, Wood |
|---|---|
| Exterior Features | Deck/Balcony/Porch |
| Lot Description | None |
| Windows | Double Pane Windows |
| Foundation | Slab |
School Information
| District | SAN BENITO C.I.S.D. |
|---|---|
| Elementary | Fred Booth |
| Middle | Cabaza |
| High | San Benito |
Additional Information
| Foreclosure | No |
|---|
Listing Details
| Agent | Joseph Boone Tyson |
|---|---|
| Office | TNT Real Estate |
| Contact Info | 9566216714 |