Casa Azul: An 18-Unit Multi-Family Opportunity
$700,000
624 W Santa Rosa Ave, Edcouch, TX 78538
5.81
Cap Rate
40,663
NOI
Details:
Highlights:
- 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
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.
Prominently stretching parallel with Highway 107 with 355 feet of frontage, this approximately 12,600 SF, 18 door apartment community is available for purchase.
Documents:
| Title | ||
|---|---|---|
| Revised - 2023 PL CA.xlsx | ||
| CA RR Feb '24.pdf | ||
| 2023 PL CA.pdf | ||
| CAD Detail Sheet - Main Parcel.pdf | ||
| CAD Detail Sheet - Adjacent Parcel for Additional Parking.pdf | ||
| Brochure.pdf | ||
| Brochure.pdf |
Location
Gallery
