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Listing Details

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School Ratings & Info

Description

Unique investment property that checks all the boxes ! Fully rented, strong rental history, stable tenants, very well maintained building and a Capitalization Rate of 8.5 based on actual 2020 Net Operating Income. Jefferson Depot has a total of 7 spaces, each totaling 1,750 SF. Several of the spaces have been combined and there are a total of 5 tenants occupying the entire 12,250 SF. Two of the tenants, occupying 7,000 SF of the building, have been in place for more than 10 years. Financial information is available for qualified buyers on request. This is a great investment opportunity that will not last long in the current market.

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© 2021 Harlingen Board of Realtors Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The MBTeam. Data last updated: 2021-09-20T06:51:15.01.
www.monicabenavidesteam.com/homes/121019737
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211 W Jefferson Ave Harlingen, TX 78550

  • Price: $725,000
  • Status: Active
  • Updated: 71 min ago
  • MLS #: 29730091
0
Beds
0
Baths
0
½ Baths
0.64
Acres
12,250
SQFT
$59
$/SQFT
2004
Built
Neighborhood:
Harlingen Original Townsite
County:
Cameron
Area:
Harlingen
Property Description
Unique investment property that checks all the boxes ! Fully rented, strong rental history, stable tenants, very well maintained building and a Capitalization Rate of 8.5 based on actual 2020 Net Operating Income. Jefferson Depot has a total of 7 spaces, each totaling 1,750 SF. Several of the spaces have been combined and there are a total of 5 tenants occupying the entire 12,250 SF. Two of the tenants, occupying 7,000 SF of the building, have been in place for more than 10 years. Financial information is available for qualified buyers on request. This is a great investment opportunity that will not last long in the current market.
Exterior Features

Access City Street Exterior Siding BrickOther Grounds Landscaped Location Free Standing Lot Dimensions 200 X 140 Parking Paved Roof Metal Stories One

Interior Features

Energy Features Other-See Remarks Flooring Other-See Remarks Heating System Central Site Features Other-See RemarksInside Storage Water Heater No Water Heater

Property Features

Amenities Separate Electric Meters Commercial Type Commercial Present Use OfficeOther Proposed Financing CashConventional Utilities 110VacWater ConnectedPhone AvailableCable AvailableSewer Connected

Listing provided courtesy of Donald Haire of Coldwell Banker Impact Properties. © 2021 Harlingen Board of Realtors Multiple Listing Service.
© 2021 Harlingen Board of Realtors Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The MBTeam. Data last updated: 2021-09-20T06:51:15.01.
 
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1313 E Washington Ave.
Harlingen TX, 78550