1000 E Stenger St - Apartments FOR SALE


San Benito, TX 78586
$8,500,000 USD
956-893-2637
1000 E Stenger St, San Benito, TX for Sale
$8,500,000 USD
Apartments - FOR SALE
1/24
null | Request Cap Rate

1000 E Stenger St
San Benito, TX 78586


HIGHLIGHTS

  • Fully leased 8-unit multifamily property in the heart of San Benito
  • Excellent investment opportunity with strong rental income and upside potential
  • Convenient location near Expressway 77, schools, retail, and public transportation
  • Steady cash flow in a growing rental market within the Rio Grande Valley

OVERVIEW

This fully leased, income-producing complex features 48 spacious units with well-maintained finishes, on-site security and strong tenant retention. Conveniently located near Brownsville, Harlingen, major highways, local schools and park. Bonus: Includes space to build 16 additional 1-bedroom units. City-approved permits and building plans convey with the sale. Upgrades include Malarkey high-impact shingles (installed 2023, 45-year warranty), double-pane windows, individual water/electric meters per unit and hurricane drainage system. Rare chance to own a stabilized asset with built-in value-add potential. The property consists of six two-story buildings, each with eight units, for a total of 48 units. There are 24 two-bedroom, one-bath units and 24 three-bedroom, two-bath units.

FOR SALE DETAILS

PRICE

$8,500,000 USD

PRICE/SF

$1,365 USD /SF

# OF UNITS

48

PRICE/UNIT

$177,083

CAP RATE

Request Cap Rate

% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Luxury Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2006

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.23 AC

LAND SF

140,699 SF

ZONING

-

APN/PARCEL ID

575060-0030-010000

ASK ABOUT THIS PROPERTY

Christopher De La RosaCentury 21 Johnston CompanyMore Info
956-893-2637

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Christopher De La RosaCentury 21 Johnston CompanyMore Info
956-893-2637

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.