Active

2095 Las Palmas Dr

SAN BENITO, TX 78576

$1,975,000 $8,326/Mo

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Overview

Bed

Bath

23,816

Sqft

1.20

Acres(Lot)

Description

Prime 36-Unit Apartment Complex. Strong Income & Value-Add Potential. Multifamily investment opportunity. This 36-unit apartment complex features a mix of 34 two-bedroom units and 2 one-bedroom units, offering a solid foundation of stable rental income with room for upside through continued renovations and management efficiencies. Units feature semi-updated interiors. All electrical is individually metered, providing utility cost transparency for tenants, while water is serviced by two master meters. Key property features include: On-site laundry facilities for additional revenue, ample parking, office space (may be convertible into additional units or other income-generating use), and strategic location. The complex enjoys strong occupancy and presents a clear opportunity to increase N OI through rental growth, operational efficiencies, and selective capital improvements. Financial packet, pro forma, and rent roll available upon request.

Property Details

Property Type : Residential Income

Price : $1,975,000

AD Id : 64992973

MLS Id : 29765534

Lot Size : 1.20 Acres

Living Area Size : 23,816

Year Built : 1994

County : CAMERON

Subdivision: Metes And Bounds

Map

Features

Flooring Information

Carpet
Interior Features

Appliances: Electric Water Heater

Building Information

Year Built: 1994 Construction Materials: Wood Siding Patio And Porch Features: Deck Private Pool: No
Exterior Features

Exterior Features: Balcony

Lot Information

Lot Size Acres: 1.2 Lot Size Square Feet: 52272

Property Information

Subdivision: SAN BENITO LAND & WATER CO Source Property Type: Residential Income Property SubType: Multi Family Property Age: 32

Listing Price Information

Listing Price: $1975000

Tax Information

Tax Year: 2024

School Information

Elementary School: FRED BOOTH

Junior High School: CABAZA

Senior High School: SAN BENITO
Location Information

Direction: Head west on I-2 toward San Benito, take Exit 21 toward TX-486 Spur/Williams Rd/Ratliff St, continue on TX-486 Spur N/S Oscar Williams Rd, then turn right on La Palma St—the property will be on your right-hand side. GPS will be able to guide you directly to the property. WaterSource: Public

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