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2500 Avenue E

Hondo, TX 78861
  • $955,000
  • STATUS: Active
  • ID#: 9934450
UPDATED: 46 min ago
$955,000
  • 0
    BEDS
  • 1.52
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1977
County:
Area:

School Ratings & Info

Description

Nice 16 unit apartment complex. Well cared for with major renovations completed. 11 units highly upgraded with new floors, new paint, totally renovated kitchens and bathrooms. Eight units in each building (two buildings total). About half of the 1.5 acres is undeveloped still (check city zoning allowances). Great value-add investment property with extra land. Get strong cash flow now and even stronger after renovating a few more units. Fourteen - 2 bed/1 bath units (~$750 mo. mkt) Two - 1 bed/1 bath units (~$650 mo. mkt) Coin operated laundry room income ~$400 mo.

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© 2021 Austin Board of REALTORS® (alternatively, from ACTRIS). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied.The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2021-06-23T19:25:31.133.
www.buyandsellaustintx.com/homes/117877755
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2500 Avenue E Hondo, TX 78861

  • Price: $955,000
  • Status: Active
  • Updated: 46 min ago
  • ID#: 9934450
0
Beds
0
Baths
0
½ Baths
1.52
Acres
1977
Built
Neighborhood:
J. Wolfart
County:
Medina
Area:
Hondo
Property Description
Nice 16 unit apartment complex. Well cared for with major renovations completed. 11 units highly upgraded with new floors, new paint, totally renovated kitchens and bathrooms. Eight units in each building (two buildings total). About half of the 1.5 acres is undeveloped still (check city zoning allowances). Great value-add investment property with extra land. Get strong cash flow now and even stronger after renovating a few more units. Fourteen - 2 bed/1 bath units (~$750 mo. mkt) Two - 1 bed/1 bath units (~$650 mo. mkt) Coin operated laundry room income ~$400 mo.
Exterior Features

Attached Garage YN No Bays 0 Construction Materials Wood Siding Foundation Details Slab Garage YN No Other Structures None Parking Features Off StreetOn Site View None Waterfront YN No

Interior Features

Building Area Total 11600 Cooling Central AirElectric Flooring See Remarks Heating CentralNatural Gas

Property Features

Accessibility Features See Remarks Additional Parcels YN No Building Features See Remarks Current Use Investment Estimated Taxes 6096 Horse YN Yes Listing Terms CashConventional New Construction YN No Property Condition Updated/Remodeled Property Sub Type Multi Family Sewer Public Sewer Special Listing Conditions Standard Utilities Electricity ConnectedNatural Gas AvailableSewer Connected Water Source Public

Property listed by Bridgepoint Investment Group.


© 2021 Austin Board of REALTORS® (alternatively, from ACTRIS). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied.The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2021-06-23T19:25:31.133.
 
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Lauren McCoy | David Brodsky Properties
2312 Western Trails Blvd. D-404
Austin TX, 78745