Small Multifamily Investment Opportunity
Listing was updated at: 08/05/2019
Property Overview
Price/Rent PSF $ 325,000.00
Asset Type Multifamily
Trade Type Sale
SQ. FT. Available 4,700
Date Available 08/05/2019
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Floors 2
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Description

Location
Standing in the heart of Elsa, this six-plex sits across Austin Street
from John F. Kennedy Elementary School. The units are just under a mile away from Edinburg Avenue, the main thoroughfare connecting the upper Rio Grande Valley.

Sale
Stone Ridge Elsa is a six-plex that was built in 2006 and is still in excellent condition. It commands approximately $38,640 of gross scheduled rent, houses 4,700 inhabitable SF, and is directly across from the city of Elsa's elementary school. There are 4 2/1s that average 900 SF each, and two 2/1s that average 550 SF each. Because the small size and good condition of the property, this is a perfect deal for someone trying to break into multifamily investing.

Location