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2095 La Palma St
San Benito, TX 78586

$2,295,000 USD

Apartments For Sale • 23,816 SF

Property Details

Property Type Apartments
Total Building Size 23,816 SF
Lot Size 1.2 AC
Building Class C
Year Built 1994
Cap Rate 6.85 %
Zoning B

0 Transit Score

32 Walk Score

                
                    Highlights
                
                                Performing,  1994 Class B asset
                            
                                Historically High Occupancy - Currently 100% Occupied
                            
                                Located in a Qualified Opportunity Zone
                            
                                Value-add Opportunity to Raise Rents $95/month with Small Cosmetic Updates
                            
                                Pro Forma Cap Rate - 7.89%
                            
                                Pro Forma IRR - 18.93%

Financial Summary (Proforma)

Net Operating Income: $181,025 USD (2024)

Cap Rate:	6.85 %
Total Expenses:	$116,198 USD

Amenities

Air Conditioning
Cable Ready
Laundry Facilities
Heating

Public Transportation

Airport	Drive	Walk	Distance
Valley International	13 min	-	7.1 mi
Brownsville/South Padre Island International	32 min	-	23.7 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	45
Type:	Surface
Included in Rent:	Yes

Keith Auten 214-343-9754 Auten Realty LLC

2095 La Palma St San Benito, TX 78586