2626 AvenueIngleside, TX 78362

Property Details for 2626 Avenue

Year built

2023

Lot size

0.35 AC

Property size (Sq ft)

800 SF

Property type

Apartment buildings

Description

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.

Location Insight

City

Ingleside

County

San Patricio

State

Texas

Latitude

27.8747

Longitude

-97.2131

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