5007 E US HIGHWAY 83 Rio Grande City TX 78582-6436

This 32-unit multi-family property, located on the north side of US Highway 83, presents an amazing opportunity to acquire a stabilized asset in a rapidly growing South Texas market. The property consists of five buildings situated on approximately 1.72 acres. Recent major renovations include new roofs (2021),a new concrete parking lot, and refurbished appliances in most of the units.

Amazing opportunity to pick up 32 units in South Texas.​ Renovations have been done to the property over the last 4 years including roofs, A/C units, parking area, and appliances.​ Although income has been steadily increasing, there is still room to raise rents.​ The region has been growing and developing rapidly and rental demand is strong.​ - A/C Units updated in some units.​ -Roof replaced as of 2021 -Some units have been renovated including new and/or refurbished appliances -Parking area has been updated -Close proximity to shopping and restaurants.​

Amazing opportunity to pick up 32 units in South Texas. Major renovations have been done to the property over the last 3 years including new roofs, new A/C units, new parking lot, and new appliances. Although income has been steadily increasing, there is still room to raise rents that currently average $511/unit. The region has been growing and developing rapidly and rental demand is strong. Take your rental portfolio to the next level by acquiring these 32 units for only $62,500 per door! -All A/C Units except 2 have been replaced in last 3 years -Brand new roof as of 2021 -All units but 3 have been renovated including new and refurbished appliances -Entire parking lot has been upgraded to concrete -Plan in place to continue increasing rent -Proposed rent increases will result in $216k annual gross income -Down the street from Walmart

Amazing opportunity to pick up 32 units in South Texas. Major renovations have been done to the property over the last 3 years including new roofs, new A/C units, new parking lot, and new appliances. Although income has been steadily increasing, there is still room to raise rents that currently average $511/unit.

Rio Grande City is located approximately 45 minutes west of McAllen, TX and situated on the Texas/Mexico border. The region has been growing and developing rapidly and rental demand is strong.

Take your rental portfolio to the next level by acquiring these 32 units for only $62,500 per door!