2500 Avenue E, Hondo, TX 78861 - MLS#9934450 - Jennifer Adams

$955,000

Est. payment -/mo

Est.Price: ?

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11,600 SqFt

SOLD DATE : 08/23/2021

Key Details

Property Type Commercial

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 11,600 sqft

Price per Sqft $78

Subdivision J. Wolfart

MLS Listing ID 9934450

Year Built 1977

Tax Year 2020

Lot Size 1.520 Acres

Property Description

Nice 16 unit apartment complex. Well cared for
with major renovations completed. 11 units highly
upgraded with new floors, new paint, totally
renovated kitchens and bathrooms.
Eight units in each building (two buildings total).
About half of the 1.5 acres is undeveloped still
(check city zoning allowances). Great value-add
investment property with extra land.
Get strong cash flow now and even stronger after
renovating a few more units.
Fourteen - 2 bed/1 bath units (~$750 mo. mkt)
Two - 1 bed/1 bath units (~$650 mo. mkt)
Coin operated laundry room income ~$400 mo.

Location

State TX

County Medina

Interior

Heating Central, Natural Gas

Cooling Central Air, Electric

Flooring See Remarks

Exterior

Utilities Available Electricity Connected, Natural Gas Available, Sewer Connected

Waterfront No

View None

Building

Foundation Slab

Sewer Public Sewer

Water Public

Structure Type Wood Siding

New Construction No

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

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Jennifer Adams

[email protected] +1(512) 736-4582

Our team is ready to help you sell your home for the highest possible price ASAP

Listed by Bridgepoint Investment Group
Bought with Non Member

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Jennifer Adams

+1(512) 736-4582

Agent | License ID: 603095

Agent License ID: 603095

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