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2217 E Grimes St
Harlingen, TX 78550
Courtyard on Grimes · Multifamily Property For Sale
·
16 Units
PROPERTY FACTS
| No. Units | 16 | Lot Size | 1.14 AC |
| Property Type | Multifamily | Building Size | 11,840 SF |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Garden | Year Built | 1994 |
| Building Class | C | Parking Ratio | 2.7/1,000 SF |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.14 AC |
| Building Size | 11,840 SF |
| No. Stories | 1 |
| Year Built | 1994 |
| Parking Ratio | 2.7/1,000 SF |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Carpet
SITE AMENITIES
- Laundry Facilities
ABOUT 2217 E GRIMES ST , HARLINGEN, TX 78550
Prime Harlingen investment opportunity with estimated 9.64% Cap Rate. 16 units ( 4 buildings) conveniently located to Medical Center and Airport. Built in 1994, all units are approximately 720 square foot 2 bedroom, 1 bath apartment homes, with leases ranging from $595 - $615. Excellent floorplans in a nice quaint community of 4 plexes, with additional land included for more units (up to 6 units). Seller has recently replaced 3 out of 4 roofs in addition to other capital improvements. Gross yearly rents total approximately $114,240 with an additional $3000 in laundry income
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 16 | $605.00 | 730 |
PROPERTY TAXES
| Parcel Number | 226650-0010-000000 | Improvements Assessment | $755,384 |
| Land Assessment | $49,833 | Total Assessment | $805,217 |
PROPERTY TAXES
