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10 Multifamily w/Commercial Bldg & Workshop 1911 State Hwy 132 11 Unit Apartment Building $1,200,000 ($109,091/Unit) 9% Cap Rate Natalia, TX 78059
Investment Highlights
- Multiple Revenue Streams
- All completely updated fully furnished
- Proven Short and Long Term Rental Turn Key
Executive Summary
Dual-Property Mixed-Use Investment Opportunity
Commercial Space + 10 Income-Producing Units | Turnkey | Short- or Long-Term Rental Flexibility
Located in Natalia
Presenting a rare chance to acquire two adjacent income-producing properties offering commercial flexibility and multi-unit residential cash flow, all in one strategic package.?
This unique portfolio includes:
?? 1911 State Hwy 132
A versatile commercial business space with endless potential for office, retail, studio, service-based operations, or creative workspace.? Included with this property are two fully furnished and updated cottages, currently operating as short-term rentals and generating approximately $42,000 annually.? These turnkey units provide immediate income while the commercial space supports owner use or additional revenue opportunities.?
?? 1871 State Hwy 132
A fully furnished 8-unit rental property designed for maximum flexibility, allowing operation as short-term rentals, long-term rentals, or a hybrid model.? The unit mix includes:
• 2 two-bedroom / one-bath units
• 2 one-bedroom / one-bath apartments
• 4 studio apartments
Each unit has been updated and comes furnished, making this a true turnkey investment.? The property also features an on-site workshop, ideal for maintenance, storage, creative use, or business operations.? This setup is perfect for investors seeking multiple income streams or owner-operators wanting the option to live on site while managing.?
Commercial Space + 10 Income-Producing Units | Turnkey | Short- or Long-Term Rental Flexibility
Located in Natalia
Presenting a rare chance to acquire two adjacent income-producing properties offering commercial flexibility and multi-unit residential cash flow, all in one strategic package.?
This unique portfolio includes:
?? 1911 State Hwy 132
A versatile commercial business space with endless potential for office, retail, studio, service-based operations, or creative workspace.? Included with this property are two fully furnished and updated cottages, currently operating as short-term rentals and generating approximately $42,000 annually.? These turnkey units provide immediate income while the commercial space supports owner use or additional revenue opportunities.?
?? 1871 State Hwy 132
A fully furnished 8-unit rental property designed for maximum flexibility, allowing operation as short-term rentals, long-term rentals, or a hybrid model.? The unit mix includes:
• 2 two-bedroom / one-bath units
• 2 one-bedroom / one-bath apartments
• 4 studio apartments
Each unit has been updated and comes furnished, making this a true turnkey investment.? The property also features an on-site workshop, ideal for maintenance, storage, creative use, or business operations.? This setup is perfect for investors seeking multiple income streams or owner-operators wanting the option to live on site while managing.?
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$109,600
|
$18.27
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$109,600
|
$18.27
|
| Taxes |
$10,729
|
$1.79
|
| Operating Expenses |
$22,832
|
$3.81
|
| Total Expenses |
$33,561
|
$5.59
|
| Net Operating Income |
$76,039
|
$12.67
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $109,600 |
| Annual Per SF | $18.27 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $109,600 |
| Annual Per SF | $18.27 |
| Taxes | |
|---|---|
| Annual | $10,729 |
| Annual Per SF | $1.79 |
| Operating Expenses | |
|---|---|
| Annual | $22,832 |
| Annual Per SF | $3.81 |
| Total Expenses | |
|---|---|
| Annual | $33,561 |
| Annual Per SF | $5.59 |
| Net Operating Income | |
|---|---|
| Annual | $76,039 |
| Annual Per SF | $12.67 |
Property Facts
Amenities
Site Amenities
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | - | - |
| 1+1 | 2 | - | - |
| Studios | 7 | - | - |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 18896 | Total Assessment | $353,970 |
| Land Assessment | $27,620 | Annual Taxes | $10,729 ($1.79/SF) |
| Improvements Assessment | $326,350 | Tax Year | 2025 |
Property Taxes
Parcel Number
18896
Land Assessment
$27,620
Improvements Assessment
$326,350
Total Assessment
$353,970
Annual Taxes
$10,729 ($1.79/SF)
Tax Year
2025
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Presented by
TriPoint Realty LLC
10 Multifamily w/Commercial Bldg & Workshop | 1911 State Hwy 132
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