1870 KING DAVID, THREE RIVERS, TX 78071
Homes for sale in Three Rivers.
Homes for sale in 78071.
1870 King David
Three Rivers, TX 78071
List Price$1,199,000
Listing #469959
About This Property
Exceptional multifamily investment opportunity in the heart of Three Rivers, Texas! This 20-unit apartment complex offers both strong current performance and future upside with an 8.1% cap rate and room for rent increases. The property consists of twelve 2-bed/1-bath units and four 1-bed/1-bath units -- all recently updated with central heat and air, laundry connections, and full kitchens. Exterior amenities include private parking, tenant patios or balconies, and convenient access to IH-37, ensuring steady rental demand. Priced to sell, this is an ideal opportunity for investors seeking cash flow, appreciation potential, and a turnkey asset in a growing South Texas market.
Property Features
Location Information
County
Live Oak
Subdivision
WM O'DOCHARTY
Interior Features
Interior
Window Treatments
Floors
Carpet, Laminate
Has Fireplace
No
Laundry
Washer Hookup, Dryer Hookup
Number of Fireplaces
0
Appliances
Electric Oven, Electric Range
Heating
Central, Electric
Total Number of Units
0
Cooling
Central Air
Exterior Features
Stories
2
Parking Description
Asphalt
Foundation
Slab
Lot Size in Acres
1.89
Possession
Close Of Escrow
Lot Size in Sq. Ft.
82,459
Water / Sewer
Public Sewer
Has Waterfront
No
Water
Public
School
Elementary School District
Three Rivers ISD
Middle School
Three Rivers
Elementary School
Three Rivers
High School
Three Rivers
Additional Information
Roof/Attic
Shingle
Property SubType 2
Residential
Other Utilities
Sewer Available, Water Available
Year Built
1994
Property Type
SFR
Status
Active
Property SubType
Apartment
Square Feet Source
Appraiser
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Mortgage Calculator
$5,598
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$4,320
Monthly Tax
$999
Monthly Insurance
$279
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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