$950,000
SqFt
Acre Lot
Sqft Lot
Price Type
Status Active
Property Type Apts/retail/strip/busprk
Year Built 2023
Days on Website 146

Property Map

$950,000 – 601 S Evans St, Uvalde, TX 78801

Street View

Courtesy of Zest Realty, Linda Zimmerhanzel {attribution_contact}

Description

REMARKABLE DEAL FOR INVESTORS — A NEW, ONE STORY, LOW MAINTENANCE APARTMENT COMPLEX OFFERING RARE AFFORDABLE HOUSING IN UVALDE! Close on this one and see the passive income immediately start streaming in. Typically 100% occupied, this nine-unit complex was thoughtfully designed for long term durability and low upkeep while offering beautiful, modern, livable style to attract and retain tenants. Four sides stucco, 30-year asphalt shingles, stained concrete floors and cinder block walls mean little to cost the landlord over the years. Each unit is serviced by a mini-split HVAC system and interior tankless water heater. Inside find an open style in each efficiency with variable floor plans — all with gray and white chic decor, open living to dining with tall cabinetry, granite countertops and island bar in the kitchen. The separate, spacious full bathroom also offers a granite vanity and either a walk-in shower or tub/shower combo with tile or fiberglass surround. The units share a generous laundry room at the end of the building, outfitted with two washers and two dryers, with hook ups for two more of each appliance. There is plenty of parking for at least two cars per unit with guest spaces available. All this close to downtown, schools and shopping. A massive bonus is there is still space on this .39 acre lot on the lot to add four additional like units to make this a 13-unit complex! Or, if you are feeling generous, turn this space into a recreation area for tenants. Hurry to add this one to your portfolio or make it a smart choice for a first time investor.

Property Details and Features

Listing

  • Listing date: 2023-12-08 06:00:00
  • 146 days on market
  • 146 cumulative days on market
  • $159 per square foot

Location

  • County: Uvalde
  • Area: 3100

Building

  • Built in 2023
  • Approximate age: 1
  • Building/center name: NONE
  • Stucco
  • Block
  • 5,981 square feet
  • 1 story
  • 1 building

Foundation

  • Slab

Roof

  • Heavy Composition

Accessibility Features

  • No Carpet
  • Level Lot
  • Level Drive
  • No Stairs
  • First Floor Bath
  • Stall Shower

Amenities

  • Exterior Lighting

Interior Features

  • Ceiling height: 9

Cooling

  • Wall
  • Individual Meters

Heating

  • Individual Meters
  • Panel

Property

  • Zoning: RESIDENTIAL

Schools

  • School district: Uvalde CISD

Miscellaneous

  • Gross income: 80496.00
  • Net operating income: $68,915
  • Monthly lease: $6,708
  • Insurance: 4885.00
  • None
  • Actual
  • None
  • No
  • Deed
  • 9 rentals
  • 21 parking spaces
  • 9 units
  • Other tax: 249.47

Taxes

  • Total tax: $2,181
  • Annual tax: $2,181
  • City tax: $589
  • County tax: $514
  • $829 school tax
  • Property Tax ID: 02700007800

Utilities

  • Electricity
  • Gas
  • Water
  • Sewer

Request More Info

  • This field is for validation purposes and should be left unchanged.

Schedule a Showing

  • This field is for validation purposes and should be left unchanged.