327 Couch St - Apartments FOR SALE


Olmito, TX 78575
$2,200,000 USD
956-465-2000
327 Couch St, Olmito, TX for Sale
$2,200,000 USD
Apartments - FOR SALE
1/8
null | Request Cap Rate

327 Couch St
Olmito, TX 78575


HIGHLIGHTS

  • 350" Yards from Interstate 69
  • 500 Yards from FM 550
  • Great Workforce Multifamily Complex

OVERVIEW

20-unit multifamily investment opportunity located in North Brownsville near Interstate 169 and FM 511, providing convenient access throughout Brownsville and to major employment and industrial corridors. The property offers investors an opportunity to acquire a manageable multifamily asset in an area benefiting from continued residential, commercial, and industrial growth. Its location provides convenient connectivity to the Port of Brownsville, Interstate 69E, and major employers and development activity along the FM 511 corridor. The property presents potential for long-term value creation through rent growth, improved property operations, and continued demand for workforce housing in the Brownsville market. With a desirable unit count, accessible location, and proximity to key transportation routes, the asset is well positioned for both local and regional multifamily investors.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$112 USD /SF

# OF UNITS

20

PRICE/UNIT

$110,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

North Terrace Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2016

PARKING SPACES

46

LAND DETAILS

LAND ACRES

0.81 AC

LAND SF

35,284 SF

ZONING

B

APN/PARCEL ID

451500-1000-000000

ASK ABOUT THIS PROPERTY

Alejandro Garza, MPSRE, CCIMICO Real EstateMore Info
956-465-2000

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

Alejandro Garza, MPSRE, CCIMICO Real EstateMore Info
956-465-2000

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