Mirabal Montalvo & Associates
Listed by Mirabal Montalvo & Associates
$1,199,000
1870 King David
Details
Property Type Multifamily
Sub Type Apartment Building
Net Rentable (SqFt) 15,876
Units 20
Cap Rate 8.10%
Year Built 1994
Buildings 3
Stories 2
Lot Size (SqFt) 82,459
Multifamily | 20 Units | $59,950/unit
Marketing description
Exceptional multifamily investment opportunity in the heart of Three Rivers, Texas! This 20-unit apartment complex offers both strong current performance and future upside with an 8.1% cap rate and room for rent increases. The property consists of twelve 2-bed/1-bath units and four 1-bed/1-bath units — all recently updated with central heat and air, laundry connections, and full kitchens. Exterior amenities include private parking, tenant patios or balconies, and convenient access to IH-37, ensuring steady rental demand. Priced to sell, this is an ideal opportunity for investors seeking cash flow, appreciation potential, and a turnkey asset in a growing South Texas market.
Listing Contacts
Mirabal Montalvo & Associates
Listed by Mirabal Montalvo & Associates
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