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1719 Willow St 12 Unit Apartment Building $900,000 ($75,000/Unit) 10.56% Cap Rate Laredo, TX 78043
INVESTMENT HIGHLIGHTS
- Completely Fenced Property
- Security Cameras, Abundant Parking, and BBQ grill area for tenants
- 100% Leased
EXECUTIVE SUMMARY
100% Leased Apartment Complex in South Laredo, TX. The complex features Nine 2 Bedroom and 1 Bath units with washer/dryer connections, One 1 Bedroom 1 Bath unit, and 2 Efficiency units. The complex is fully gated and has security cameras. This Class B property was built in 1991 and is well maintained for its age. There are 27 Parking Spaces on this well lit onsite parking lot with reserved spaces for tenants.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$125,400
|
$15.06
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$125,400
|
$15.06
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$30,333
|
$3.64
|
| Net Operating Income |
$95,067
|
$11.42
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $125,400 |
| Annual Per SF | $15.06 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $125,400 |
| Annual Per SF | $15.06 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $30,333 |
| Annual Per SF | $3.64 |
| Net Operating Income | |
|---|---|
| Annual | $95,067 |
| Annual Per SF | $11.42 |
PROPERTY FACTS
| Price | $900,000 | Apartment Style | Low-Rise |
| Price Per Unit | $75,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.45 AC |
| Cap Rate | 10.56% | Building Size | 8,328 SF |
| Gross Rent Multiplier | 7.17 | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1991 |
| Property Subtype | Apartment | Parking Ratio | 1.44/1,000 SF |
| Zoning | R-3 | ||
| Price | $900,000 |
| Price Per Unit | $75,000 |
| Sale Type | Investment |
| Cap Rate | 10.56% |
| Gross Rent Multiplier | 7.17 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.45 AC |
| Building Size | 8,328 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1991 |
| Parking Ratio | 1.44/1,000 SF |
| Zoning | R-3 |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Washer/Dryer Hookup
- Ceiling Fans
- Tile Floors
- Refrigerator
- Smoke Free
SITE AMENITIES
- 24 Hour Access
- Fenced Lot
- Security System
- Gated
- Grill
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 9 | $900.00 | 770 |
| 1+1 | 1 | $750.00 | 580 |
| Studios | 2 | $700.00 | 350 |
PROPERTY TAXES
| Parcel Number | 174661 | Improvements Assessment | $479,280 (2025) |
| Land Assessment | $135,720 (2025) | Total Assessment | $615,000 (2025) |
PROPERTY TAXES
Parcel Number
174661
Land Assessment
$135,720 (2025)
Improvements Assessment
$479,280 (2025)
Total Assessment
$615,000 (2025)
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1719 Willow St
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