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    2500 Avenue E

    Hondo, TX 78861
    • $955,000
    • STATUS: Active
    • ID#: 9934450
    UPDATED: 34 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.

    Monthly Payment Calculator



    © 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: 2021-06-24T23:25:46.453.
    austin.papasanproperties.com/homes/117877755
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    2500 Avenue E Hondo, TX 78861

    • Price: $955,000
    • Status: Active
    • Updated: 34 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: 2021-06-24T23:25:46.453.
     
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    Papasan Real Estate Team @ Keller Williams Realty
    1801 S. Mopac Expwy, Ste 100
    Austin TX, 78746