Ciro's Tower 502 Shiloh Dr 32 Unit Apartment Building $5,400,000 ($168,750/Unit) Laredo, TX 78045

8 1/1 824sf $1,200.00 P/month 10 1/1 832sf $1,200.00 P/month 10 1/1 845sf $1,200.00 P/month 4 2/1 964sf $1,300.00 P/month The Total amount listed as gross annual income is approximate, as disclosed in the expense lists. Measurements vary by apartments all sizes are approximate. Whasher & Dryer conection on all units, (washer & dryer available for an additional fee)
This multi-family investment opportunity at502 Shiloh Drive offers a substantial income-producing asset in the thriving Laredo market. The property consists of32 units, including28 one-bedroom and4 two-bedroom apartments, all featuring modern layouts and essential amenities. With a gross building area of over31,000 square feet, the complex is designed for operational efficiency and long-term tenant retention.
Located in the Crownridge neighborhood, the property benefits from proximity to major thoroughfares, including IH-35, providing seamless connectivity to retail, dining, and employment hubs. The site includes a swimming pool, secure fencing, and paved access, enhancing tenant appeal and community value. Current leases are structured on a monthly basis, offering flexibility for future rent adjustments and value-add strategies.
This asset represents a rare opportunity to acquire a stabilized property in a high-demand rental market with strong fundamentals. Investors can leverage consistent cash flow and potential for appreciation in one of Texas’ fastest-growing border cities.