2420 N 1st St - Apartments FOR SALE


Carrizo Springs, TX 78834
$900,000 USD
512-809-5447
2420 N 1st St, Carrizo Springs, TX for Sale
$900,000 USD
Apartments - FOR SALE
1/29
null | Request Cap Rate

2420 N 1st St
Carrizo Springs, TX 78834


HIGHLIGHTS

  • The property features 37 residential units within a two-story multifamily community.
  • The asset was constructed in 2012 and sits on approximately 2.54 acres.
  • The location provides convenient access to local employers, services, and daily amenities.
  • Dedicated on-site parking supports residents and extended-stay occupants.
  • Unit layouts include features designed for longer-term residential occupancy.
  • Carrizo Springs serves as a regional center for government, agriculture, and energy-related activity.

OVERVIEW

2420 N 1st Street presents the opportunity to acquire Energy Lodge Carrizo Springs, a 37-unit multifamily asset situated on approximately 2.54 acres in Carrizo Springs, Texas. Constructed in 2012, the property was developed to serve the housing needs of business travelers, workforce residents, and extended-stay occupants in a market influenced by South Texas energy activity and regional employment drivers. The two-story property offers a unit mix designed for longer-term occupancy and includes features commonly associated with extended-stay lodging, including full kitchens, dedicated work areas, and furnished living accommodations. On-site amenities and parking support resident convenience, while the property's location along North 1st Street provides access to local retailers, restaurants, services, and major roadways serving Dimmit County and the surrounding Eagle Ford Shale region. Carrizo Springs serves as the county seat of Dimmit County and functions as a regional hub for government services, agriculture, energy-related businesses, and supporting commercial activity. The property's position within the community allows residents convenient access to employment centers, schools, healthcare providers, and everyday amenities. Its established improvements, multiple-unit configuration, and existing residential infrastructure provide investors with the opportunity to acquire a purpose-built housing asset in a South Texas market with a history of workforce-driven demand. The combination of a sizable site, 37-unit inventory, dedicated parking, and a location within an established residential and commercial corridor creates a multifamily investment opportunity with potential to serve a variety of tenant and lodging needs.

FOR SALE DETAILS

PRICE

$900,000 USD

PRICE/SF

$48 USD /SF

# OF UNITS

37

PRICE/UNIT

$24,324

CAP RATE

Request Cap Rate

% LEASED

45%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Energy Lodge Carrizo Springs

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2012

PARKING SPACES

42

LAND DETAILS

LAND ACRES

2.54 AC

LAND SF

110,642 SF

ZONING

-

APN/PARCEL ID

60987

ASK ABOUT THIS PROPERTY

Bryan McLaneMcLane RealtyMore Info
512-809-5447

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Bryan McLaneMcLane RealtyMore Info
512-809-5447

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