1315 Senator Carlos Truan Blvd | Kingsville, TX 78363
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1315 Senator Carlos Truan Blvd
Kingsville, TX 78363
Quail Ridge Apartments · Multifamily Property For Sale
·
29 Units
INVESTMENT HIGHLIGHTS
- 96% average occupancy Trailing 12 months
- Fully renovated exterior - roofs, paint, plumbing and grounds. All renovated interior units (less a few legacy tenants)
- Not required, but option to assume existing loan with 3.67% interest rate
- True 5.9% cap rate on actual T12 NOI performance with continued upside
- Individually metered electric (copper wiring) with RUBS opportunity for water/sewer/trash
PROPERTY FACTS
| No. Units | 29 | Building Size | 23,810 SF |
| Property Type | Multifamily | Average Occupancy | 96% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Garden | Year Built | 1965 |
| Building Class | C | Parking Ratio | 3.94/1,000 SF |
| Lot Size | 1.84 AC | ||
| Zoning | MF | ||
| No. Units | 29 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.84 AC |
| Building Size | 23,810 SF |
| Average Occupancy | 96% |
| No. Stories | 1 |
| Year Built | 1965 |
| Parking Ratio | 3.94/1,000 SF |
| Zoning | MF |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Views
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Property Manager on Site
- Tenant Controlled HVAC
- Walking/Biking Trails
- Maintenance on site
- Online Services
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 9 | $548.50 | 480 |
| 2+1 | 16 | $716.00 | 625 |
| 3+1 | 3 | $807.50 | 650 |
| 3+2 | 1 | $1,320 | 1,299 |
PROPERTY TAXES
| Parcel Number | 16453 | Improvements Assessment | $630,290 |
| Land Assessment | $48,090 | Total Assessment | $678,380 |
PROPERTY TAXES
Parcel Number
16453
Land Assessment
$48,090
Improvements Assessment
$630,290
Total Assessment
$678,380
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