951 Mack Rd - Apartments FOR SALE


Aransas Pass, TX 78336
$425,000 USD
361-876-0312
951 Mack Rd, Aransas Pass, TX for Sale
$425,000 USD
Apartments - FOR SALE
1/43
null | Request Cap Rate

951 Mack Rd
Aransas Pass, TX 78336


HIGHLIGHTS

  • Location at the heart of Aransas and San Patricio County economic zones
  • Bucolic setting, quiet and private
  • Masonry board construction and metal roofing
  • County taxes, no known restrictions (buyer to verify)
  • Potential to develop as RV/Travel trailer park, tiny homes complex, additional rental units

OVERVIEW

PRICE ADJUSTMENT... Seller wants an offer to review! Don't miss this opportunity in San Patricio County's busiest corridor! Located on approximately 5 acres of unrestricted land on the Aransas/San Patricio County border, about 1 acre is lower "wetlands" area, perfect to create a scenic pond. Two buildings feature 6 units, 4 are efficiency style, with great history of occupancy. Well, well water, septic on site, communal trash collection. Tenants' rental fees cover all utilities including internet, power, water, trash, Direct TV. Tenants are month to month only. Main structure has 2 upper and 2 lower units with a center hallway that features an entry hall and lighted staircase and a coin laundry facility. The cabin, with two small efficiency units, also has a separate laundry facility in an adjacent storage room. Most tenants have a small fenced yard, and parking is unassigned in the front gravel driveway. Easy access to Sinton/Steel Dynamics-Sinton, Rockport, Aransas Pass, Portland, and San Patricio County points where you'll find booming economic growth. LOTS of potential, including the potential to return the property to single family residence status...it was originally designed and built to be a single family home! It has been divided into the units, but could be restored. Currently the heating and air conditioning are provided by portable or window units at each unit. The bucolic feel, excellent privacy, and proximity to all the booming industrial and construction projects make it an excellent prospect for investment. Local employers with projects in close proximity include Steel Dynamics-Sinton, Cheniere, Arecelor Mittal, Bechtel, and more!

FOR SALE DETAILS

PRICE

$425,000 USD

PRICE/SF

$176 USD /SF

# OF UNITS

6

PRICE/UNIT

$70,833

CAP RATE

Request Cap Rate

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

TSR Realty LLC Investment

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2013

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5 AC

LAND SF

217,800 SF

ZONING

-

APN/PARCEL ID

14583

ASK ABOUT THIS PROPERTY

Romy BrewerK&M Premier Real Estate LLCMore Info
361-876-0312

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Romy BrewerK&M Premier Real Estate LLCMore Info
361-876-0312

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