RCR Real Connect Realty
Active Residential Income MLS # 29765534

2095 Las Palmas Dr.

$1,975,000

0 Bedrooms 0 Bathrooms 23816 Sq Ft

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

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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.

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