
Prime 36-Unit Apartment Complex. Strong Income & Value-Add Potential. Multifamily investment opportunity. This 36-unit apartment complex features a mix of 34 two-bedroom units and 2 one-bedroom units, offering a solid foundation of stable rental income with room for upside through continued renovations and management efficiencies. Units feature semi-updated interiors. All electrical is individually metered, providing utility cost transparency for tenants, while water is serviced by two master meters. Key property features include: On-site laundry facilities for additional revenue, ample parking, office space (may be convertible into additional units or other income-generating use), and strategic location. The complex enjoys strong occupancy and presents a clear opportunity to increase NOI through rental growth, operational efficiencies, and selective capital improvements. Financial packet, pro forma, and rent roll available upon request.
Property Details
Price:
$1,975,000
MLS #:
29765534
Status:
Active
Baths:
0
Address:
2095 LAS PALMAS DR.
Type:
Multi Family
Subdivision:
SAN BENITO LAND & WATER CO
City:
SAN BENITO
Listed Date:
May 28, 2025
State:
TX
Finished Sq Ft:
23,816
ZIP:
78576
Lot Size:
52,272 sqft / 1.20 acres (approx)
Year Built:
1994
Schools
School District:
SAN BENITO C.I.S.D.
Elementary School:
FRED BOOTH
Middle School:
CABAZA
High School:
SAN BENITO
Interior
Heating System
Central, Electric
Exterior
# Stories
Two
Energy Features
Double Pane Windows, Programmable Thermostat
Financial
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2095 LAS PALMAS DR.
SAN BENITO, TX
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