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Martinez Apartments 1618 Flores Ave 6 Unit Apartment Building $575,000 ($95,833/Unit) 9% Cap Rate Laredo, TX 78040
Investment Highlights
- Downtown Area
- All Occupied
- Sited in Corner Lot
Executive Summary
Sited in a corner lot 6 units Apartment Complex 99% occupied, all tile floors fair condition for sale
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$61,200
|
$12.50
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$61,200
|
$12.50
|
| Taxes |
-
|
-
|
| Operating Expenses |
$13,669
|
$2.79
|
| Total Expenses |
$13,669
|
$2.79
|
| Net Operating Income |
$47,531
|
$9.71
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $61,200 |
| Annual Per SF | $12.50 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $61,200 |
| Annual Per SF | $12.50 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | $13,669 |
| Annual Per SF | $2.79 |
| Total Expenses | |
|---|---|
| Annual | $13,669 |
| Annual Per SF | $2.79 |
| Net Operating Income | |
|---|---|
| Annual | $47,531 |
| Annual Per SF | $9.71 |
Property Facts
| Price | $575,000 | Property Subtype | Apartment |
| Price Per Unit | $95,833 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 9% | Building Size | 4,896 SF |
| Gross Rent Multiplier | 9.4 | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2002 |
| Zoning | R - R | ||
| Price | $575,000 |
| Price Per Unit | $95,833 |
| Sale Type | Investment |
| Cap Rate | 9% |
| Gross Rent Multiplier | 9.4 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.15 AC |
| Building Size | 4,896 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2002 |
| Zoning | R - R |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Washer/Dryer Hookup
- Ceiling Fans
- Tile Floors
- Refrigerator
- Range
- Smoke Free
Site Amenities
- 24 Hour Access
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | $850.00 | 816 |
1 1
Moderately walkable
60/100
Very drivable
80/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 161994 | Total Assessment | $434,788 |
| Land Assessment | $67,158 | Annual Taxes | $0 ($0.00/SF) |
| Improvements Assessment | $367,630 | Tax Year | 2025 |
Property Taxes
Parcel Number
161994
Land Assessment
$67,158
Improvements Assessment
$367,630
Total Assessment
$434,788
Annual Taxes
$0 ($0.00/SF)
Tax Year
2025
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Presented by
Patty Pequeno Real Estate
Martinez Apartments | 1618 Flores Ave
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