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1109-1111 N 7th St
Harlingen, TX 78550
Colonial Square Multifamily/Retail Community · Multifamily Property For Sale
·
48 Units
PROPERTY FACTS
| No. Units | 48 | Lot Size | 5.46 AC |
| Property Type | Multifamily | Building Size | 30,068 SF |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Garden | Year Built/Renovated | 1956/1994 |
| Building Class | C | ||
| Zoning | Commercial | ||
| No. Units | 48 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 5.46 AC |
| Building Size | 30,068 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1956/1994 |
| Zoning | Commercial |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Tile Floors
- Refrigerator
- Satellite TV
- Oven
- Range
- Tub/Shower
- Yard
- Grill
- Lawn
- Linen Closet
- Loft Layout
- Patio
- Vinyl Flooring
ABOUT 1109-1111 N 7TH ST , HARLINGEN, TX 78550
Colonial Square is located at the adjacent southwest corner of 7th Street and 77 N. Sunshine Strip in Harlingen, Texas. The 38 apartment units were constructed between 1987 and 1995; and the retail/office space, consisting of 10 tenant tenants spaces, with Dollar Tree as an anchor, was original constructed in the mid 1950s and renovated in 1989. As of November 1, 2017, the multifamily occupancy rate of the property is 95% while the retail shopping center is 60% occupied. The property consists of 4 apartment building (621 Bowie, 625 Bowie, 1101 N 7th, 1109 N 7th, 1111 N 7th). Commercial is 1111 N 7th - 1209 N 7th. All under one tax ID. Rent rolls and operating statements are available. Colonial Square offers strong cash on cash return opportunities with significant upside.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | $420.00 | - |
| 2+2 | 28 | $542.50 | - |
| 3+2 | 4 | $550.00 | - |
PROPERTY TAXES
| Parcel Number | 167210-0010-007100 | Improvements Assessment | $2,169,890 |
| Land Assessment | $77,500 | Total Assessment | $2,247,390 |
PROPERTY TAXES
