164 W US HIGHWAY 83 HIGHWAY, RIO GRANDE CITY, TX 78582
Homes for sale in Rio Grande City.
Homes for sale in 78582.
List Price$299,000
164 W US Highway 83 Highway
Rio Grande City, TX 78582
Listing #509418
4,437
Square Feet
9
Number of Units
Multi-Unit Residential
Type
About This Property
Exceptional income-producing multifamily investment opportunity in Rio Grande City, TX. The property includes eight (8) apartment units and one (1) detached pier-and-beam single-family residence across three building structures. Apartment improvements consist of seven (7) 1-bedroom/1-bath units and one (1) 2-bedroom/1-bath unit, plus a 3-bedroom/1-bath home. Currently 100% occupied with established tenants, the property offers immediate cash flow and value-add potential. Situated on approximately 0.50 acres with 214 feet of frontage along Old US Hwy 83, the property offers future upside through rental growth, operational efficiencies, or site improvements (subject to applicable approvals). Seller-provided financials indicate an approximate 13% capitalization rate. Conveniently located near the Rio Grande City Medical Corridor, UTRGV Starr County Campus, South Texas College, shopping, dining, schools, and major employers.
Property Features
Location Information
County
Starr
Directions
Traveling West on Hwy 83, property will be approximately 3/4 miles West of Roque-Guerra Elementary. Property will be on Left (South) between S Charco Blanco Rd & Old Hwy 83. Traveling East on Hwy 83 from FM 3167, property will be approximately 1.5 miles East of Stripes Convenience Store. Property will be on Right (South) between S Charco Blanco Rd & Old Hwy 83.
Subdivision
Porcion 78
Interior Features
Interior
Ceiling Fan(s)
Laundry
None, Washer/Dryer Connection
Heating
Electric
Appliances
Electric Water Heater, Electric Cooktop, Refrigerator, Stove/Range
Cooling
Electric, Window Unit(s)
Total Number of Units
9
Floors
Tile
Features
None
Exterior Features
Construction
Brick, Block, Stucco
Fencing
Decorative Metal, None
Foundation
Slab
Patio / Deck Description
Covered Patio, Patio, Patio Slab
Roof
Shingle
Lot Description
Irregular Lot
Possession
Closing and Funding
Lot Size in Acres
0.5
Septic or Sewer
City Sewer
Lot Size in Sq. Ft.
21,780
Water
Public
Buildings
Outbuilding (None)
Parking Description
Detached, Other Garage or Carport
Energy Features
None
Garage Spaces
0
Road Description
Caliche, Paved
Parking Spaces
4
School
Elementary School District
Rio Grande ISD
Middle School
Veterans
Elementary School
Roque-Guerra
High School
Rio Grande City H.S.
Additional Information
Property Type
RI
Units in Complex
9
Property SubType
Multi Family
Taxes
6261
Year Built
1995
Tax Year
2026
APN
000820780001620000010 /00
Square Feet Source
Starr CAD
Status
Active
Similar Listings
Mortgage Calculator
$1,395
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$1,077
Monthly Tax
$249
Monthly Insurance
$69
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Schools
Walk Score
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