3117 Spanish Palms Dr S - Multi-Family FOR SALE


Mercedes, TX 78570
$199,000 USD
956-310-8868
3117 Spanish Palms Dr S, Mercedes, TX for Sale
$199,000 USD
Multi-Family - FOR SALE
1/16
null | Request Cap Rate

3117 Spanish Palms Dr S
Mercedes, TX 78570


OVERVIEW

Great Investment Property in Mercedes, TX! This 5 Unit Apartment Complex is the perfect fixer upper for any investor looking to maximize their cash flow portfolio! All units ara vacant as the interior of the property needs remodeling. Property already counts with a full roof replacement done in May 2024! Apartment Complex features 2 units composed of 3 bedrooms/2 baths & 3 units of 2 bedrooms/2 baths. Don't miss an opportunity to create a cash flowing asset for yourself! ALL UNITS ARE CURRENTLY VACANT. This property is a FULL interior rehab project!

FOR SALE DETAILS

PRICE

$199,000 USD

PRICE/SF

$38 USD /SF

# OF UNITS

5

PRICE/UNIT

$39,800

CAP RATE

Request Cap Rate

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

SPANISH PALMS

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,651 SF

ZONING

RM

APN/PARCEL ID

S5310-00-002-0003-00

ASK ABOUT THIS PROPERTY

Samantha ReynosoVeritè RealtyMore Info
956-310-8868

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

Samantha ReynosoVeritè RealtyMore Info
956-310-8868

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