975 W Ruben M Torres Blvd.

    Brownsville, TX 78521
    • $750,000
    • STATUS: Active
    • ON SITE: 74 days
    • MLS #: 29716632
    UPDATED: 59 min ago
    $750,000
    • 0
      BEDS
    • 0.42
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    2017
    County:
    Area:

    School Ratings & Info

    Description

    Income producing, 100% leased retail center. This property has 4 tenants, including an arquitecto/general contractor, a boxing gym, a snack shop and a new seafood restaurant. If you have an investor or someone wanting to begin investing, this is the property you need to show them. Built in 2017, repairs and maintenance should be nearly zero, tenants pay for electrical. Net Operating Income Year 1 is $73,276 with increases Year 2 and Year 3.. Cash on Cash Return will improve with increases as well.

    Monthly Payment Calculator

    © 2019 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 Monica Benavides Team at Keller Williams Realty LRGV. Data last updated: 2019-05-27T06:51:26.96.
    www.monicabenavidesteam.com/homes/92672115

    975 W Ruben M Torres Blvd. Brownsville, TX 78521

    • Price: $750,000
    • Status: Active
    • Updated: 59 min ago
    • MLS #: 29716632
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.42
    Acres
    2017
    Built
    Neighborhood:
    Silver Oaks
    County:
    Cameron
    Area:
    Brownsville
    Property Description
    Income producing, 100% leased retail center. This property has 4 tenants, including an arquitecto/general contractor, a boxing gym, a snack shop and a new seafood restaurant. If you have an investor or someone wanting to begin investing, this is the property you need to show them. Built in 2017, repairs and maintenance should be nearly zero, tenants pay for electrical. Net Operating Income Year 1 is $73,276 with increases Year 2 and Year 3.. Cash on Cash Return will improve with increases as well.
    Exterior Features

    Access State Highway Exterior Siding Stucco Grounds None Location Strip Center Parking Paved Parking Spaces 26.00 Roof Other

    Interior Features

    Energy Features Other-See Remarks Flooring Concrete Heating System Central Site Features Handicap Access Water Heater Other-See Remarks

    Property Features

    Amenities None Commercial Type Commercial Present Use Retail Proposed Financing Conventional Utilities 110VAC

    Listing provided courtesy of Alejandro X Garza of ICO Real Estate Advisors, Llc. © 2019 Harlingen Board of Realtors Multiple Listing Service.
    © 2019 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 Monica Benavides Team at Keller Williams Realty LRGV. Data last updated: 2019-05-27T06:51:26.96.
     
    The Monica Benavides Team at Keller Williams Realty LRGV
    1713 E Tyler Ave. Ste A
    Harlingen TX, 78550