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3458 Del Rio Blvd 8 Unit Apartment Building $500,000 ($62,500/Unit) 10% Cap Rate Eagle Pass, TX 78852
Executive Summary
Excellent investment opportunity in Eagle Pass, TX!
This low-rise multifamily property consists of 8 units, each 2 bedrooms / 1 bath with approx. 528 sq ft per unit (total GBA 4,224 sq ft).
?? Financial Highlights:
• Current rents: $650 per month per unit
• Gross potential rent: $62,400/year
• Estimated expenses: $12,400/year
• Net Operating Income (NOI): ˜ $50,000/year
• Cap Rate (at $500,000 list price): ˜ 10%
• GRM: ˜ 8.0
? Utilities:
One master water meter (water included in rent) and individual electric meters for each unit.
?? Zoning: Commercial – Rural
?? Parcel ID: (insert number from Maverick CAD)
Located on Del Rio Blvd with strong rental demand and close proximity to commercial areas, schools, and services. Ideal for investors seeking stable cash flow with upside potential.
This low-rise multifamily property consists of 8 units, each 2 bedrooms / 1 bath with approx. 528 sq ft per unit (total GBA 4,224 sq ft).
?? Financial Highlights:
• Current rents: $650 per month per unit
• Gross potential rent: $62,400/year
• Estimated expenses: $12,400/year
• Net Operating Income (NOI): ˜ $50,000/year
• Cap Rate (at $500,000 list price): ˜ 10%
• GRM: ˜ 8.0
? Utilities:
One master water meter (water included in rent) and individual electric meters for each unit.
?? Zoning: Commercial – Rural
?? Parcel ID: (insert number from Maverick CAD)
Located on Del Rio Blvd with strong rental demand and close proximity to commercial areas, schools, and services. Ideal for investors seeking stable cash flow with upside potential.
Property Facts
| Price | $500,000 | Apartment Style | Low-Rise |
| Price Per Unit | $62,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.23 AC |
| Cap Rate | 10% | Building Size | 4,224 SF |
| Gross Rent Multiplier | 8 | No. Stories | 1 |
| No. Units | 8 | Year Built | 1980 |
| Property Type | Multifamily | Cross Streets | Marselles |
| Property Subtype | Apartment |
| Price | $500,000 |
| Price Per Unit | $62,500 |
| Sale Type | Investment |
| Cap Rate | 10% |
| Gross Rent Multiplier | 8 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 4,224 SF |
| No. Stories | 1 |
| Year Built | 1980 |
| Cross Streets | Marselles |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | $650.00 | 528 |
Property Taxes
| Parcel Number | 18861 | Improvements Assessment | $307,901 |
| Land Assessment | $40,000 | Total Assessment | $347,901 |
Property Taxes
Parcel Number
18861
Land Assessment
$40,000
Improvements Assessment
$307,901
Total Assessment
$347,901
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Presented by
La Cantera Real Estate
3458 Del Rio Blvd
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