About 2095 La Palma Drive
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 La Palma Drive
| MLS® # | 472199 |
|---|---|
| Price | $1,975,000 |
| Square Footage | 23,816 |
| Acres | 1.20 |
| Year Built | 1994 |
| Type | Residential Income |
| Sub-Type | Apartment |
| Status | Active |
Community Information
| Address | 2095 La Palma Drive |
|---|---|
| Subdivision | San Benito Land & Water Co. |
| City | San Benito |
| County | Cameron |
| State | TX |
| Zip Code | 78576 |
Amenities
| Parking | No Carport, No Garage |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
| Laundry Features | Laundry Area |
| Community Amenities | Curbs, Street Lights |
Interior
| Interior Features | Ceiling Fan(s) |
|---|---|
| Appliances | Electric Water Heater, Refrigerator, Stove/Range |
| Heating | Central, Electric |
| Cooling | Central Air, Electric |
| Total # of Units | 36 |
| # of Buildings | 2 |
Exterior
| Windows | Energy Features (Double Pane Windows) |
|---|---|
| Roof | Composition Shingle |
| Construction | Brick, Wood Siding |
| Foundation | Slab |
School Information
| District | San Benito ISD |
|---|---|
| Elementary | Fred Booth |
| Middle | Cabaza |
| High | San Benito H.S. |
Additional Information
| Foreclosure | No |
|---|---|
| Short Sale | No |
| Property Insurance | $24,000 |
| Gross Income | $259,080 |
| HOA Association | No |
Listing Details
| Agent | Joseph Tyson |
|---|---|
| Office | TNT Real Estate |
| Contact Info | 956-322-3020 |