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Property Overview

Price/Rent PSF $ 735,000.00
Asset Type Multifamily
Trade Type Sale
SQ. FT. Available 12,900
Date Available 01/23/2019
Additional URL Link
Floors 2
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Description

Location
Nestled in a quiet subdivision of Weslaco, this 14 unit apartment complex is in excellent condition and offers steady income to investors.

Sale
1612 Orange Avenue is a 14 unit apartment complex located in a quiet corner of South-East Weslaco. There are twelve 2 bedroom, 2 bathroom units that are approximately 950 sf each and rent for $650/month, one 2/2 that is ± 700 sf that rents for $630/month, and one studio apartment that is ± 700 sf that rents for $400/month. There is a laundry room onsite that utilizes leased equipment. After vacancy and credit losses, the complex earned $96,425 of gross income in 2017 and $90,513 in 2018.

Location

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