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Luxury Apartments

$8,500,000

1000 E Stenger St, San Benito, TX 78586

Active
Last Updated: 06/18/2025

42,708 sqft

Building Size

3.23 acres

Lot Area

Details:
Building Size:    42,708 sqft
Lot Area:    3.23 acres
Units:    48
Year Built:    2006
MlsNumber:    29765874
Floors:    2
Parking Spots:    96
Baths:    96
Highlights:
  • Exterior: Sidewalk
  • Appliances: Range / Oven
  • General: Smoke Detector
  • Flooring: Tile
  • Interior: Blinds
  • Road Type: City / Town Street
  • Exterior Description: Stucco
  • Property Description: Acreage
  • Roof: Asphalt Shingle Roof
  • Cooling: Central A/C
  • Fencing: Partially Fenced
  • Heating Fuel Type: Electric
  • Pre Wiring: Cable
Description:

This fully leased, income-producing complex features 48 spacious units with well-maintained finishes, on-site security and strong tenant retention. Conveniently located near Brownsville, Harlingen, major highways, local schools and park. Bonus: Includes space to build 16 additional 1-bedroom units. City-approved permits and building plans convey with the sale. Upgrades include Malarkey high-impact shingles (installed 2023, 45-year warranty), double-pane windows, individual water/electric meters per unit and hurricane drainage system. Rare chance to own a stabilized asset with built-in value-add potential. The property consists of six two-story buildings, each with eight units, for a total of 48 units. There are 24 two-bedroom, one-bath units and 24 three-bedroom, two-bath units.

Este complejo totalmente alquilado y generador de ingresos cuenta con 48 espaciosas unidades con acabados bien mantenidos, seguridad en el lugar y alta retención de inquilinos. Convenientemente ubicado cerca de Brownsville, Harlingen, autopistas principales, escuelas locales y parques. Bono: Incluye espacio para construir 16 unidades adicionales de una recámara. Los permisos aprobados por la ciudad y los planos de construcción se transfieren con la venta. Las mejoras incluyen tejas Malarkey de alto impacto (instaladas en 2023, garantía de 45 años), ventanas de doble panel, medidores individuales de agua y electricidad por unidad, y un sistema de drenaje para huracanes. Oportunidad única para adquirir un activo estabilizado con potencial de valor agregado incorporado. La propiedad consta de seis edificios de dos pisos, cada uno con ocho unidades, sumando un total de 48 unidades. Hay 24 unidades de dos recámaras y un baño, y 24 unidades de tres recámaras y dos baños.

Этот полностью сданный в аренду доходный жилой комплекс включает 48 просторных квартир с ухоженной отделкой, круглосуточной охраной и высокой удерживаемостью арендаторов. Удобное расположение рядом с Браунсвиллем, Харлингеном, основными автомагистралями, местными школами и парками. Бонус: Включает участок под строительство дополнительных 16 однокомнатных квартир. Разрешения, одобренные городом, и строительные планы передаются вместе с продажей. Модернизации включают кровлю Malarkey высокой прочности (установлена в 2023 году, гарантия 45 лет), двухкамерные окна, индивидуальные счетчики воды и электроэнергии для каждой квартиры, а также систему дренажа для ураганов. Редкая возможность приобрести стабильный актив с потенциалом повышения стоимости. Комплекс состоит из шести двухэтажных зданий, в каждом по восемь квартир, всего 48 квартир. Из них 24 квартиры с двумя спальнями и одной ванной и 24 квартиры с тремя спальнями и двумя ванными комнатами.

Ang fully leased at income-generating na complex na ito ay may 48 maluluwag na yunit na may maayos na finishes, may security on-site, at mataas na tenant retention. Maginhawang matatagpuan malapit sa Brownsville, Harlingen, mga pangunahing highway, mga lokal na paaralan, at parke. Bonus: May espasyo para magtayo ng karagdagang 16 one-bedroom na yunit. Kasama sa bentahan ang city-approved permits at mga plano ng gusali. Kasama sa mga upgrade ang Malarkey high-impact shingles (inilagay noong 2023, may 45-taong warranty), double-pane na mga bintana, mga individual water at electric meter kada yunit, at hurricane drainage system. Bihirang pagkakataon ito na magkaroon ng stabilized asset na may kasamang value-add potential. Binubuo ang property ng anim na dalawang-palapag na gusali, na may walo bawat isa—kabuuang 48 yunit. Mayroong 24 na yunit na may dalawang silid at isang banyo, at 24 na yunit na may tatlong silid at dalawang banyo.

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Today's Available Mortgage Rates

1000 E Stenger St, San Benito, Texas 78586

Choose Your Priority
 
Interest Rate
Mo. Payments
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default.
Loan Amount
Rates as of 06/20/2025
Bank*Lender #677
5 Year Fixed
25 Year Amortization
Interest rate 5.535% 5 Year Fixed
Mo. Payment$23,569 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 45% LTV $3,500 Lender fees
Loan Amount $3,825,000 Loan Amount
Bank*Lender #677
7 Year Fixed
25 Year Amortization
Interest rate 5.735% 7 Year Fixed
Mo. Payment$24,029 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 45% LTV $3,500 Lender fees
Loan Amount $3,825,000 Loan Amount
Agency*Lender #592
10 Year Fixed
30 Year Amortization
Interest rate 5.88% 10 Year Fixed
Mo. Payment$22,639 30 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 45% LTV $10,000 Lender fees
Loan Amount $3,825,000 Loan Amount
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