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2500 Avenue E Hondo, TX 78861
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Key Details
Property Type Commercial
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 11,600 sqft
Price per Sqft $78
Subdivision J. Wolfart
MLS Listing ID 9934450
Sold Date 08/23/21
Originating Board actris
Year Built 1977
Tax Year 2020
Lot Size 1.520 Acres
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.
Location
State TX
County Medina
Interior
Heating Central, Natural Gas
Cooling Central Air, Electric
Flooring See Remarks
Fireplace N
Exterior
Utilities Available Electricity Connected, Natural Gas Available, Sewer Connected
Waterfront No
View None
Accessibility See Remarks
Total Parking Spaces 16
Building
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Wood Siding
New Construction No
Others
Restrictions See Remarks
Acceptable Financing Cash, Conventional
Tax Rate 2.474058
Listing Terms Cash, Conventional
Special Listing Condition Standard
Read Less
Bought with Non Member
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