2095 LA PALMA DRIVE, SAN BENITO, TX 78576
Homes for sale in San Benito.
Homes for sale in 78576.
2095 La Palma Drive
San Benito, TX 78576
List Price$1,975,000
Listing #472199
23,816
Square Feet
36
Number of Units
House
Type
About This Property
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 Features
Location Information
County
Cameron
Directions
Head west on I-2 toward San Benito, take Exit 21 toward TX-486 Spur/Williams Rd/Ratliff St, continue on TX-486 Spur N/S Oscar Williams Rd, then turn right on La Palma St--the property will be on your right-hand side. GPS will be able to guide you directly to the property.
Subdivision
San Benito Land & Water Co.
Interior Features
Interior
Ceiling Fan(s)
Appliances
Electric Water Heater, Refrigerator, Stove/Range
Heating
Central, Electric
Total Number of Units
36
Cooling
Central Air, Electric
Features
Curbs, Street Lights
Floors
Carpet, Other, Vinyl
Windows/Doors Description
Energy Features (Double Pane Windows)
Laundry
Laundry Area
Exterior Features
Construction
Brick, Wood Siding
Parking Spaces
0
Foundation
Slab
Fencing
Chain Link, Non Privacy
Roof
Composition Shingle
Patio / Deck Description
Deck/Balcony/Porch
Possession
Closing and Funding, Subject to Tenant Rights
Lot Size in Acres
1.2
Septic or Sewer
City Sewer
Lot Size in Sq. Ft.
52,272
Water
Public
Buildings
Laundry Facility, Office
Parking Description
No Carport, No Garage
Energy Features
None, Thermostat
Garage Spaces
0
Road Description
Paved
School
Elementary School District
San Benito ISD
Middle School
Cabaza
Elementary School
Fred Booth
High School
San Benito H.S.
Additional Information
Property Type
SFR
Units in Complex
2
Property SubType
Apartment
Taxes
21265
Year Built
1994
Tax Year
2024
APN
6108201240009310
Square Feet Source
Cameron CAD
Status
Active
Similar Listings
Mortgage Calculator
$9,221
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$7,116
Monthly Tax
$1,645
Monthly Insurance
$460
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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