381 State Highway 132 - Apartments FOR SALE


Devine, TX 78016
$3,500,000 USD
915-525-2550
381 State Highway 132, Devine, TX for Sale
$3,500,000 USD
Apartments - FOR SALE
1/13
null | 4.15% Cap Rate

381 State Highway 132
Devine, TX 78016


HIGHLIGHTS

  • Below market rents
  • No deferred maintenance
  • Easy access to I-35

OVERVIEW

100% occupancy on 24 units constructed in 2014 and still in great condition. 12-2 bed/2 bath units and 12-1 bed/1 bath units. Rents have not been increased since 2015. Located in busy and growing area close to I-35 and 30 mins from San Antonio. Additional revenue opportunity on land in rear of property (Approx 1 acre) that can be used to build another multi-family complex, RV park, storage units or single family residences!

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$210 USD /SF

# OF UNITS

24

PRICE/UNIT

$145,833

CAP RATE

4.15%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2014

PARKING SPACES

48

LAND DETAILS

LAND ACRES

2.16 AC

LAND SF

94,090 SF

ZONING

Commercial

APN/PARCEL ID

64622

ASK ABOUT THIS PROPERTY

Ruben CavazosTexas Premier RealtyMore Info
915-525-2550

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Ruben CavazosTexas Premier RealtyMore Info
915-525-2550

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.