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701 E 5th St
Mercedes, TX 78570
Mercedes Apartments · Multifamily Property For Sale
·
118 Units
Property Facts
| No. Units | 118 | Building Size | 44,880 SF |
| Property Type | Multifamily | Average Occupancy | 72% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 2010 |
| Building Class | C | Parking Ratio | 1.55/1,000 SF |
| Lot Size | 2.49 AC | ||
| Zoning | MF Res | ||
| No. Units | 118 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.49 AC |
| Building Size | 44,880 SF |
| Average Occupancy | 72% |
| No. Stories | 2 |
| Year Built | 2010 |
| Parking Ratio | 1.55/1,000 SF |
| Zoning | MF Res |
Amenities
Unit Amenities
- Air Conditioning
- Disposal
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- Refrigerator
- Oven
- Range
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Maintenance on site
- Online Services
About 701 E 5TH ST , MERCEDES, TX 78570
This 118 unit apartment complex in Mercedes, Texas enjoys an occupancy rate that hoovers over 98%-93%. Each unit is well maintained with good tenancy. Bugambilia Apartments are located in a high traffic area with close proximity to public transportation and an important employment base. There are 13 buildings and nine laundry facilities. Electricity is individually metered and paid for by resident and water is paid for by property and included in the cost of rent. Cash flow averages $56,000 per month.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 56 | $500.00 | 700 |
| 2+1 | 62 | $600.00 | 875 |
Property Taxes
| Parcel Number | P9265-00-000-0001-00 | Improvements Assessment | $2,582,975 |
| Land Assessment | $157,051 | Total Assessment | $2,740,026 |
Property Taxes
