502 Shiloh Dr - Apartments FOR SALE


Laredo, TX 78045
$5,400,000 USD
956-206-0656
502 Shiloh Dr, Laredo, TX for Sale
$5,400,000 USD
Apartments - FOR SALE
1/29
null | Request Cap Rate

502 Shiloh Dr
Laredo, TX 78045


HIGHLIGHTS

  • 32-unit apartment complex with a mix of one- and two-bedroom layouts.
  • Located near IH-35, providing excellent regional connectivity.
  • Features include a swimming pool, secure fencing, and paved access.
  • Monthly lease structure allows for flexible rent optimization.
  • Situated in the Crownridge neighborhood close to retail and dining options.
  • Public utilities in place, including water, sewer, and underground cable.

OVERVIEW

8 1/1 824sf $1,200.00 P/month 10 1/1 832sf $1,200.00 P/month 10 1/1 845sf $1,200.00 P/month 4 2/1 964sf $1,300.00 P/month The Total amount listed as gross annual income is approximate, as disclosed in the expense lists. Measurements vary by apartments all sizes are approximate. Whasher & Dryer conection on all units, (washer & dryer available for an additional fee) This multi-family investment opportunity at502 Shiloh Drive offers a substantial income-producing asset in the thriving Laredo market. The property consists of32 units, including28 one-bedroom and4 two-bedroom apartments, all featuring modern layouts and essential amenities. With a gross building area of over31,000 square feet, the complex is designed for operational efficiency and long-term tenant retention. Located in the Crownridge neighborhood, the property benefits from proximity to major thoroughfares, including IH-35, providing seamless connectivity to retail, dining, and employment hubs. The site includes a swimming pool, secure fencing, and paved access, enhancing tenant appeal and community value. Current leases are structured on a monthly basis, offering flexibility for future rent adjustments and value-add strategies. This asset represents a rare opportunity to acquire a stabilized property in a high-demand rental market with strong fundamentals. Investors can leverage consistent cash flow and potential for appreciation in one of Texas’ fastest-growing border cities.

FOR SALE DETAILS

PRICE

$5,400,000 USD

PRICE/SF

$173 USD /SF

# OF UNITS

32

PRICE/UNIT

$168,750

CAP RATE

Request Cap Rate

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ciro's Tower

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2015

PARKING SPACES

44

LAND DETAILS

LAND ACRES

0.78 AC

LAND SF

33,977 SF

ZONING

B3

APN/PARCEL ID

438602

ASK ABOUT THIS PROPERTY

Guadalupe MarroquinLula Morales Realty, Inc.More Info
956-206-0656

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Guadalupe MarroquinLula Morales Realty, Inc.More Info
956-206-0656

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