Riso Apartments | 1006 County Road 4516 rd
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Riso Apartments 1006 County Road 4516 rd
4 Unit Block of Flats £613,861 (£153,465/Unit) 6.58% Net Initial Yield Castroville, TX 78009
Investment Highlights
- New Construction
- Across from The Alsatian Golf Course
- 1.03 Acre Site
Executive Summary
This 4-plex is new construction just completed is located across the street from The Alsatian Golf Course and Ville de Alsace subdivision with large lots and high end houses. The owner has started leasing out the units but will leave one unit vacant, in case an owner-occupant comes along. This would be great for an owner occupant using FHA or VA financing for better rates and lower down payment.
The building is on a 1 acre lot so there is room for additional improvements. The units have separate electric meters and a single water meter. Come and enjoy Castroville with its Alsatian charm and history only 26 miles from San Antonio. Appliance package includes stove, refrigerator, washer and dryer.
The building is on a 1 acre lot so there is room for additional improvements. The units have separate electric meters and a single water meter. Come and enjoy Castroville with its Alsatian charm and history only 26 miles from San Antonio. Appliance package includes stove, refrigerator, washer and dryer.
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£57,030
|
£11.86
|
| Other Income |
-
|
-
|
| Vacancy Loss |
£2,970
|
£0.62
|
| Effective Gross Income |
£54,059
|
£11.24
|
| Taxes |
£7,921
|
£1.65
|
| Operating Expenses |
£5,703
|
£1.19
|
| Total Expenses |
£13,624
|
£2.83
|
| Net Operating Income |
£40,436
|
£8.41
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | £57,030 |
| Annual Per SF | £11.86 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | £2,970 |
| Annual Per SF | £0.62 |
| Effective Gross Income | |
|---|---|
| Annual | £54,059 |
| Annual Per SF | £11.24 |
| Taxes | |
|---|---|
| Annual | £7,921 |
| Annual Per SF | £1.65 |
| Operating Expenses | |
|---|---|
| Annual | £5,703 |
| Annual Per SF | £1.19 |
| Total Expenses | |
|---|---|
| Annual | £13,624 |
| Annual Per SF | £2.83 |
| Net Operating Income | |
|---|---|
| Annual | £40,436 |
| Annual Per SF | £8.41 |
Property Facts
| Price | £613,861 | Apartment Style | Low Rise |
| Price Per Unit | £153,465 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.03 AC |
| Net Initial Yield | 6.58% | Building Size | 4,808 SF |
| No. Units | 4 | Number of Floors | 1 |
| Property Type | Residential | Year Built | 2024 |
| Property Subtype | Apartment | Cross Streets | Hwy. 90 West |
| Price | £613,861 |
| Price Per Unit | £153,465 |
| Sale Type | Investment |
| Net Initial Yield | 6.58% |
| No. Units | 4 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 1.03 AC |
| Building Size | 4,808 SF |
| Number of Floors | 1 |
| Year Built | 2024 |
| Cross Streets | Hwy. 90 West |
Unit Amenities
- Air Conditioning
- Dishwasher
- Ceiling Fans
- Granite Countertops
- Range
- Yard
Site Amenities
- Fenced Lot
1 of 1
zoning
| Zoning Code | OCL |
| OCL |
1 of 11
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Great Metro Realty
Riso Apartments | 1006 County Road 4516 rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.