5007 US Highway 83 | Rio Grande City, TX 78582
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- LoopNet Team
5007 US Highway 83
Rio Grande City, TX 78582
Las Palmas Apartments · Multifamily Property For Sale · 32 Units
Investment Highlights
- All A/C Units except 2 have been replaced in last 3 years
- All units but 3 have been renovated including new and refurbished appliances
- Proposed rent increases will result in $216k annual gross income
- Brand new roof as of 2021
- Entire parking lot has been upgraded to concrete
- Down the street from Walmart
PROPERTY FACTS
| No. Units | 32 | Building Size | 26,770 SF |
| Property Type | Multifamily | Average Occupancy | 94% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 2004/2020 |
| Building Class | C | Parking Ratio | 0.6/1,000 SF |
| Lot Size | 1.70 AC |
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.70 AC |
| Building Size | 26,770 SF |
| Average Occupancy | 94% |
| No. Stories | 2 |
| Year Built/Renovated | 2004/2020 |
| Parking Ratio | 0.6/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 24 | - | - |
| 2+1 | 8 | - | - |
PROPERTY TAXES
| Parcel Number | 00179-08200-06000-000100 | Improvements Assessment | $1,387,161 |
| Land Assessment | $171,202 | Total Assessment | $1,558,362 |
PROPERTY TAXES
Parcel Number
00179-08200-06000-000100
Land Assessment
$171,202
Improvements Assessment
$1,387,161
Total Assessment
$1,558,362
zoning
| Zoning Code | B1 |
| B1 |
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