For Sale
$2,295,000
2095 La Palma St San Benito, TX 78586
36-Unit Apartment Complex, 100% Occupied
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 127
Highlights
- 1994-built Class B property with strong performance.
- Currently 100% occupied, demonstrating high historical occupancy.
- Situated in a Qualified Opportunity Zone (QOZ).
- Value-add potential: $95/month rent increase achievable with minor renovations.
- Pro forma cap rate of 7.89%.
- Pro forma IRR of 18.93%.
Property Details for 2095 La Palma St
- Property type
- Apartment buildings
- Square Feet
- 23,816 SF
- Class
- B
- Year Built
- 1994
- Stories
- 2
- Units
- 36
Location Insight
- City
- San Benito
- County
- Cameron
- State
- Texas
- Latitude
- 26.144595
- Longitude
- -97.6481458
2095 La Palma St, San Benito, Texas
Nearby Similar for Sale
FAQs
- What type of property is this?
- Apartment building - 36-Unit Apartment Complex, 100% Occupied
- Where is the apartment building located?
- The property is located at 2095 La Palma St San Benito, TX.
- What is the asking price?
- The asking price for this property is $2,295,000.
- What are key features of this property?
- This property features: 1994-built Class B property with strong performance.; Currently 100% occupied, demonstrating high historical occupancy.; Situated in a Qualified Opportunity Zone (QOZ).
- 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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