500 Main AveDenver City, TX 79323

Property Details for 500 Main Ave

Property size (Sq ft)

2,044 SF

Property type

Commercial real estate

APN

10OT0390130000000

APU

10OT0390130000000

Description

The Chaparral House Apartments, located at 500 S Main Ave, Denver City, TX 79323, presents a compelling investment opportunity. This two-story, garden-style apartment community boasts 24 two-bedroom, one-bathroom units, all currently occupied with a waiting list. Built in 1980, the property sits on a sizable 42,105 square foot lot (APN 2173) and is conveniently situated less than two miles from the Denver City Airport. The property benefits from upgraded interiors, reflecting a commitment to maintaining quality living spaces for residents. Its self-managed structure offers streamlined operational efficiency. The strategic location provides residents with easy access to nearby shopping, dining, and entertainment options, enhancing the property's appeal and contributing to its consistently high occupancy rate. This multifamily asset offers a strong foundation for immediate cash flow and potential future appreciation, making it an attractive addition to any investment portfolio. The property's current 100% occupancy rate and existing waiting list underscore its strong market demand and potential for continued success. This is a rare opportunity to acquire a well-maintained, high-performing apartment complex in a stable market.

• Alternative Use

  Use

  Valuation

  Residential

  $347,100

  Hospitality

  $317,941

  Educational

  $264,523

  Medical

  $273,621

  Retail

  $411,481

Location Insight

City

Denver City

County

Yoakum

State

Texas

Latitude

32.9596

Longitude

-102.83

Property Tax & Assessments

FAQs

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