1870 King David Dr - Apartments FOR SALE


Three Rivers, TX 78071
$1,199,000 USD
361-774-4137
1870 King David Dr, Three Rivers, TX for Sale
$1,199,000 USD
Apartments - FOR SALE
1/40
null | 8.1% Cap Rate

1870 King David Dr
Three Rivers, TX 78071


OVERVIEW

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

FOR SALE DETAILS

PRICE

$1,199,000 USD

PRICE/SF

$76 USD /SF

# OF UNITS

20

PRICE/UNIT

$59,950

CAP RATE

8.1%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1994

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.89 AC

LAND SF

82,459 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

James MirabalMirabal Montalvo & AssociatesMore Info
361-774-4137

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James MirabalMirabal Montalvo & AssociatesMore Info
361-774-4137

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