For Sale
$800,000

5335 Riverview St Robstown, TX 78380

Three homes, 100% occupied, high ROI.

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional multifamily investment opportunity in Robstown, Texas, presents three substantial, fully occupied homes situated on a spacious 1.29-acre lot within the desirable Riverside Acres neighborhood. The property boasts three buildings, totaling three units, each with its own private driveway and ample parking within a brick-fenced perimeter. The main home, a two-story residence, offers 2,787 square feet of living space, including three large bedrooms, two bathrooms, a two-car garage, a spacious living area with a large fireplace and bar, and an oversized kitchen and dining area. The second dwelling is a two-story, three-bedroom, two-bathroom unit with a sizable living area, kitchen, and balcony, also featuring a three-car garage on the first floor. The third unit is a two-story, two-bedroom, one-bathroom home with living and kitchen areas upstairs and a two-car garage plus extensive storage/workshop space on the ground floor. Recent upgrades include new A/C units installed in 2023 and 2024 in two of the homes. The property is zoned for Calallen ISD, conveniently located just two miles from Hazel Park and twenty miles from downtown Corpus Christi. The current occupancy rate is 100%, with long-term tenants in place, generating a strong 8% cap rate on an asking price of $800,000. The property's substantial size and existing infrastructure present a significant opportunity for increased profitability through potential expansion. This is a turnkey investment ideal for a savvy investor seeking immediate cash flow and long-term growth potential.

Highlights

  • Exceptional multifamily investment opportunity in Robstown, Texas, on a 1.29-acre lot.
  • Three fully occupied homes with long-term tenants, generating an 8% cap rate at $800,000.
  • Recent AC unit upgrades in 2023 and 2024.
  • Located in the desirable Riverside Acres neighborhood, two miles from Hazel Park and twenty miles from Corpus Christi.

Property Details for 5335 Riverview St

Property type
Residential income homes
Class
C
Year Built
1999
Buildings
3
Stories
2
Lot Size (sq. ft)
56,192 SF
Units
3

Location Insight

City
Robstown
County
Nueces
State
Texas
Latitude
27.861956923145
Longitude
-97.662601688908

FAQs

What type of property is this?
Residential income home - Three homes, 100% occupied, high ROI.
Where is the residential income home located?
The property is located at 5335 Riverview St Robstown, TX.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Exceptional multifamily investment opportunity in Robstown, Texas, on a 1.29-acre lot.; Three fully occupied homes with long-term tenants, generating an 8% cap rate at $800,000.; Recent AC unit upgrades in 2023 and 2024.
How can I contact the broker?
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5335 Riverview St
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