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.
For sale
$1,975,000
2095 Las Palmas Dr, San Benito, TX 78586
--beds
--baths
23,816sqft
Apartment
Built in 1994
-- sqft lot
$-- Zestimate®
$83/sqft
$-- HOA
What's special
Ample parkingSemi-updated interiors
- 449 days |
- 35 |
- 7 |
Zillow last checked:
Listing updated:
Listed by:
Joseph Boone Tyson 956-621-6714,
TNT Real Estate
Source: RGVMLS,MLS#: 29765534
Facts & features
Interior
Heating
- Central, Electric
Appliances
- Included: Refrigerator, Electric Water Heater
- Laundry: Common Area
Features
- Flooring: Carpet
- Windows: Double Pane Windows
Interior area
- Total structure area: 23,816
- Total interior livable area: 23,816 sqft
Property
Parking
- Total spaces: 1
- Parking features: Garage
- Garage spaces: 1
Features
- Levels: Two
- Patio & porch: Deck/Balcony/Porch
Lot
- Size: 1.2 Acres
- Features: None
Details
- Additional structures: Office
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Apartment
Materials
- Brick, Wood Siding
- Foundation: Slab
Condition
- Year built: 1994
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Green energy
- Energy efficient items: Thermostat
Community & HOA
Community
- Subdivision: San Benito Land & Water Co
Location
- Region: San Benito
Financial & listing details
- Price per square foot: $83/sqft
- Date on market: 5/28/2025
- Listing terms: Cash,Conventional
- Road surface type: Paved
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 5/28/2025 | Listed for sale | $1,975,000$83/sqft |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 78586
Nearby schools
GreatSchools rating
- 8/10Cash Elementary SchoolGrades: PK-5Distance: 0.2 mi
- 4/10Miller Jordan Middle SchoolGrades: 6-8Distance: 0.2 mi
- 2/10San Benito High SchoolGrades: 9-12Distance: 2.2 mi
Schools provided by the listing agent
- Elementary: Fred Booth
- Middle: Cabaza
- High: San Benito
- District: San Benito C.I.S.D.
Source: RGVMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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