2095 Las Palmas Dr.
$1,975,000
Property Description
Prime 36-Unit Apartment Complex. Strong Income & Value-Add Potential. Multifamily investment opportunity. This 36-unit apartment complex features a mix of 34 two-bedroom units and 2 one-bedroom units, offering a solid foundation of stable rental income with room for upside through continued renovations and management efficiencies. Units feature semi-updated interiors. All electrical is individually metered, providing utility cost transparency for tenants, while water is serviced by two master meters. Key property features include: On-site laundry facilities for additional revenue, ample parking, office space (may be convertible into additional units or other income-generating use), and strategic location. The complex enjoys strong occupancy and presents a clear opportunity to increase NOI through rental growth, operational efficiencies, and selective capital improvements. Financial packet, pro forma, and rent roll available upon request.
Property Details
Listing
- MLS #
- 29765534
- Status
- Active
- Property Type
- Residential Income
- Property Subtype
- Apartment
- List Price
- $1,975,000
- Days on Market
- 358
Interior
- Bedrooms
- 0
- Bathrooms
- 0
- Living Area
- 23816 Sq Ft
- Heating
- Central, Electric
- Appliances
- Electric Water Heater, Refrigerator
- Flooring
- Carpet
- Laundry Features
- Common Area
Exterior
- Year Built
- 1994
- Lot Size
- 1.2
- Lot Features
- None
- Construction Materials
- Brick, Wood Siding
- Foundation
- Slab
- Parking
- 1
- Garage Spaces
- 1
Location
- Address
- 2095 Las Palmas Dr., San Benito TX
- City
- San Benito
- County
- Cameron
- Subdivision
- San Benito Land & Water Co
- School District
- San Benito C.I.S.D.
- Elementary School
- Fred Booth
- Middle School
- Cabaza
- High School
- San Benito
- Latitude
- 26.1287015
- Longitude
- -97.6196572
Financial & MLS
- Listing Agent
- Joseph Boone Tyson
- Listing Office
- TNT Real Estate
- List Agent Email
- boone@forsalergv.com
- Modification Timestamp
- 2025-05-28T21:31:48.000Z
Property Location
2095 Las Palmas Dr., San Benito TX
2095 Las Palmas Dr., San Benito TX
Mortgage Estimate
Listing information is supplied for consumer review and may change without notice. Last listing update: 2025-05-28T21:31:48.000Z. Verify price, availability, property condition, school assignments, measurements, and showing instructions before making decisions.
