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SPANISH PALMS 3117 Spanish Palms Dr S 5 Unit Apartment Building $199,000 ($39,800/Unit) Mercedes, TX 78570
Executive Summary
Great Investment Property in Mercedes, TX! This 5 Unit Apartment Complex is the perfect fixer upper for any investor looking to maximize their cash flow portfolio! All units ara vacant as the interior of the property needs remodeling. Property already counts with a full roof replacement done in May 2024! Apartment Complex features 2 units composed of 3 bedrooms/2 baths & 3 units of 2 bedrooms/2 baths. Don't miss an opportunity to create a cash flowing asset for yourself!
ALL UNITS ARE CURRENTLY VACANT. This property is a FULL interior rehab project!
ALL UNITS ARE CURRENTLY VACANT. This property is a FULL interior rehab project!
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer Hookup
- Tile Floors
- Kitchen
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | - | 1,050 |
| 2+2 | 1 | - | 1,050 |
| 2+2 | 1 | - | 1,050 |
| 2+2 | 1 | - | 1,050 |
| 3+2 | 1 | - | 1,050 |
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Property Taxes
| Parcel Number | S5310-00-002-0003-00 | Improvements Assessment | $295,892 |
| Land Assessment | $54,108 | Total Assessment | $350,000 |
Property Taxes
Parcel Number
S5310-00-002-0003-00
Land Assessment
$54,108
Improvements Assessment
$295,892
Total Assessment
$350,000
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SPANISH PALMS | 3117 Spanish Palms Dr S
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