624 W Santa Rosa Ave

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Address: 624 W Santa Rosa Ave, Edcouch, Texas, US
Created date: February 27, 2024
Date last updated: February 27, 2024
  • 18-unit complex consisting of ten 3/1s, five 2/1s, and three 1/1s
  • All units are individually metered for water and electricity
  • Annual gross scheduled rent of $130,000, currently (2/22/24) 77% occupied
  • Assumable* $240k note with monthly payments of $2,682 fully am'd by July '33

Property Description

Prominently situated parallel to the growing highway 107 with 355' of frontage, this approximately 12,600 SF, 18-unit apartment community is available for purchase. There are ten 3/1s, five 2/1s, and three 1/1s. 9 AC units were replaced in the last three years and more than half of the units have been updated with new fixtures, appliances, and paint. As of 1/22/24 the complex is 78% occupied. All units are individually metered for water and electricity, leaving the owner's monthly expenses to a minimum. RR and PL available upon request.

Key Property Information

Listing Status: Unavailable
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $700,000
No. of Units: 18
Average Occupancy: 5.81
Year Built: 1985
Lot Size: 0.86 Sq ft
Opportunity Zone: No
Price per unit: $38,889
Property Website Click Here
Address: 624 W Santa Rosa Ave, Edcouch, TX 78538, USA
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