For Sale
$829,300

2626 Avenue Ingleside, TX 78362

High-Yield Texas Apartment Complex

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This exceptional investment opportunity presents a fully occupied, four-unit apartment building in Ingleside, Texas. Constructed in 2023 from repurposed shipping containers, this two-story building boasts 800 square feet per unit, totaling 3200 square feet on a 0.35-acre lot. Each unit is furnished and features an open floor plan, modern appliances, central air conditioning and heat, laminate flooring, solid countertops, and ample storage. The property enjoys 100% occupancy, generating a substantial net operating income (NOI) of $91,100, resulting in a compelling 10.99% capitalization rate. The asking price is $829,300, or $2160 per unit. Situated in a prime location, the property is conveniently close to local amenities, offering residents easy access to shops, restaurants, and recreational activities. The property is zoned R and features ample parking and landscaping, enhancing its appeal and value. This turnkey investment provides immediate cash flow and significant potential for future appreciation. The well-maintained structure, combined with its strong financial performance and desirable location, makes this a truly remarkable opportunity for discerning investors seeking a high-return, low-maintenance property. The building's unique construction from repurposed shipping containers offers both durability and a modern aesthetic.

Highlights

  • Four repurposed Conex shipping containers, creating four 800 sq ft units.
  • Two-story building on a 0.35-acre lot.
  • Fully occupied and furnished with tenants in place.

Property Details for 2626 Avenue

Property type
Apartment buildings
Square Feet
800 SF
Year Built
2023
Buildings
1
Stories
2
Lot Size (sq. ft)
15,246 SF
Units
4

Location Insight

City
Ingleside
County
San Patricio
State
Texas
Latitude
27.87474864
Longitude
-97.2131065

FAQs

What type of property is this?
Apartment building - High-Yield Texas Apartment Complex
Where is the apartment building located?
The property is located at 2626 Avenue Ingleside, TX.
What is the asking price?
The asking price for this property is $829,300.
What are key features of this property?
This property features: Four repurposed Conex shipping containers, creating four 800 sq ft units.; Two-story building on a 0.35-acre lot.; Fully occupied and furnished with tenants in place.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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2626 Avenue
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