164 W US Highway 83 HWY, Rio Grande City, TX 78582
164 W US Highway 83 HWY, Rio Grande City, TX 78582
164 W US Highway 83 HWY, Rio Grande City, TX 78582
164 W US Highway 83 HWY, Rio Grande City, TX 78582
164 W US Highway 83 HWY, Rio Grande City, TX 78582
164 W US Highway 83 HWY, Rio Grande City, TX 78582
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Listed by Coldwell Banker Commercial Rio Grande Valley
$ 299,000

4,437 SqFt


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$ 299,000
Save

4,437 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,437 sqft

Subdivision Porcion 78

MLS Listing ID 509418

HOA Y/N No

Year Built 1995

Annual Tax Amount $6,261

Tax Year 2026

Lot Size 0.500 Acres

Acres 0.5

Property Sub-Type Multi Family

Source Greater McAllen

Property Description

Exceptional income-producing multifamily investment opportunity in Rio Grande City, TX. The property includes eight (8) apartment units and one (1) detached pier-and-beam single-family residence across three building structures. Apartment improvements consist of seven (7) 1-bedroom/1-bath units and one (1) 2-bedroom/1-bath unit, plus a 3-bedroom/1-bath home. Currently 100% occupied with established tenants, the property offers immediate cash flow and value-add potential. Situated on approximately 0.50 acres with 214 feet of frontage along Old US Hwy 83, the property offers future upside through rental growth, operational efficiencies, or site improvements (subject to applicable approvals). Seller-provided financials indicate an approximate 13% capitalization rate. Conveniently located near the Rio Grande City Medical Corridor, UTRGV Starr County Campus, South Texas College, shopping, dining, schools, and major employers.

Location

State TX

County Starr

Rooms

Other Rooms Outbuilding (None)

Interior

Interior Features Ceiling Fan(s)

Heating Electric

Cooling Electric, Window Unit(s)

Flooring Tile

Appliance Electric Water Heater, Electric Cooktop, Refrigerator, Stove/Range

Laundry None, Washer/Dryer Connection

Exterior

Carport Spaces 4

Fence Decorative Metal, None

Community Features None

View Y/N No

Roof Type Shingle

Total Parking Spaces 4

Garage No

Building

Lot Description Irregular Lot

Faces Traveling West on Hwy 83, property will be approximately 3/4 miles West of Roque-Guerra Elementary. Property will be on Left (South) between S Charco Blanco Rd & Old Hwy 83. Traveling East on Hwy 83 from FM 3167, property will be approximately 1.5 miles East of Stripes Convenience Store. Property will be on Right (South) between S Charco Blanco Rd & Old Hwy 83.

Story 1

Foundation Slab

Sewer City Sewer

Water Public

Structure Type Brick,Block,Stucco

New Construction No

Schools

Elementary Schools Roque-Guerra

Middle Schools Veterans

High Schools Rio Grande City H.S.

Others

Tax ID 000820780001620000010 /000820780001620000000

David J. Zavaletta
David J. Zavaletta

Director of Operations, Managing Partner | License ID: 0650201

+1(956) 300-3477 | david@apirealtor.com

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164 W US Highway 83 HWY