3315 San Agustin AveLaredo, TX 78040

Property Details for 3315 San Agustin Ave

Year built

1970

Property size (Sq ft)

11,755 SF

Property type

Apartment buildings

Description

This exceptional 13-unit apartment building presents a compelling value-add investment opportunity in Laredo, Texas. Located at 3315 San Agustin Ave, 78040, this property boasts a total of 11,755 square feet across four, one-story buildings situated on a 15,624 square foot lot. Built in 1970 and recently renovated, the property currently enjoys 100% occupancy, generating a net operating income (NOI) of $9,750 annually. The asking price is $650,000, translating to $50,000 per unit and $55.30 per square foot. The property's central Laredo location offers convenient access to I-35 and nearby schools. All units feature brand-new roofs, and recent renovations enhance their appeal. The current 1.50% cap rate suggests significant potential for increased profitability through further value-add strategies. This property offers a strong foundation for long-term income generation and equity growth, making it an attractive investment for both cash flow and equity building strategies. The permitted zoning is consistent with the current use. The property's 100% occupancy is projected to continue until September 12, 2024.

Location Insight

City

Laredo

County

Webb

State

Texas

Latitude

27.5296

Longitude

-99.5052

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