1870 King David

Three Rivers, TX 78071

About this property

Exceptional multifamily investment opportunity in the heart of Three Rivers, Texas! This 20-unit apartment complex offers both strong current performance and future upside with an 8.1% cap rate and room for rent increases. The property consists of twelve 2-bed/1-bath units and four 1-bed/1-bath units all recently updated with central heat and air, laundry connections, and full kitchens. Exterior amenities include private parking, tenant patios or balconies, and convenient access to IH-37, ensuring steady rental demand. Priced to sell, this is an ideal opportunity for investors seeking cash flow, appreciation potential, and a turnkey asset in a growing South Texas market.

About this property

Exceptional multifamily investment opportunity in the heart of Three Rivers, Texas! This 20-unit apartment complex offers both strong current performance and future upside with an 8.1% cap rate and room for rent increases. The property consists of twelve 2-bed/1-bath units and four 1-bed/1-bath units all recently updated with central heat and air, laundry connections, and full kitchens. Exterior amenities include private parking, tenant patios or balconies, and convenient access to IH-37, ensuring steady rental demand. Priced to sell, this is an ideal opportunity for investors seeking cash flow, appreciation potential, and a turnkey asset in a growing South Texas market.

Features and Additional Information

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$1,199,000 Active
0 Bed(s)
0
Baths
15,876 sqft

Presented By Coldwell Banker Commercial Gateway

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Get in touch today! Phone: 1-956-937-2930
Brokerage
Mirabal Montalvo & Associates
1-361-994-1140
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Area Information

| Live Oak County | WM O'DOCHARTY

$ 1,199,000
This listing is play_arrow 0.0% lower than the average in the area
$ 1,199,000 in the area
15,876 SqFt
This listing is play_arrow 0.0% smaller than the average in the area
15,876 SqFt in the area
$ 76 $/SqFt
This listing is play_arrow 0.0% less than the average in the area
$ 76 $/SqFt in the area
225 days on site
This listing is play_arrow 0.0% below the average in the area
225 days on site in the area

Schools in the Area

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    Elementary School
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Listed By James Mirabal
Brokerage: Mirabal Montalvo & Associates

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