164 W US Highway 83 Highway, Rio Grande City, TX 78582 For Sale

Income-Producing Multifamily Asset featuring eight apartment units and one detached pier-and-beam single-family residence across Four building structures, providing diversified rental income streams.

Strong In-Place Returns with seller-provided financials indicating an approximate 13% capitalization rate, offering attractive cash flow potential for investors.

Fully Occupied Property with established tenants, providing immediate income upon acquisition and minimizing lease-up risk.

Value-Add Opportunity with potential to increase returns through rental optimization, operational efficiencies, future improvements, and continued management enhancements.

Flexible Unit Mix consisting of seven 1-bedroom/1-bath apartments, one 2-bedroom/1-bath apartment, and a separate 3-bedroom/1-bath single-family residence, appealing to a broad tenant base.

Strategic Location along Old US Hwy 83 with approximately 214 feet of frontage, offering excellent accessibility and proximity to Rio Grande City's Medical Corridor, UTRGV Starr County Campus, South Texas College, schools, shopping, dining, and major employers.

Expansion Potential situated on approximately 0.50 acres, providing additional long-term upside through potential site improvements or redevelopment opportunities, subject to applicable approvals.

Strong Long-Term Investment Opportunity positioned to benefit from continued demand for workforce housing and rental opportunities throughout Starr County.