Excellent investment opportunity in Eagle Pass, TX!
This low-rise multifamily property consists of 8 units, each 2 bedrooms / 1 bath with approx. 528 sq ft per unit (total GBA 4,224 sq ft).
?? Financial Highlights:
• Current rents: $650 per month per unit
• Gross potential rent: $62,400/year
• Estimated expenses: $12,400/year
• Net Operating Income (NOI): ˜ $50,000/year
• Cap Rate (at $500,000 list price): ˜ 10%
• GRM: ˜ 8.0
? Utilities:
One master water meter (water included in rent) and individual electric meters for each unit.
?? Zoning: Commercial – Rural
?? Parcel ID: (insert number from Maverick CAD)
Located on Del Rio Blvd with strong rental demand and close proximity to commercial areas, schools, and services. Ideal for investors seeking stable cash flow with upside potential.