Income-Producing Multifamily Property | 11683 Socorro Rd
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Income-Producing Multifamily Property 11683 Socorro Rd
Block of Flats For Sale Socorro, TX 79927
Executive Summary
This versatile, income-generating property in Socorro is a fantastic investment opportunity with immediate rental income and significant development potential. Situated on a 26,310 square foot lot at the intersection of Socorro Road and Dini Rozi Road, this property includes four 560 sq. ft. 1-bedroom, 1-bathroom units, plus a mobile home in the back that currently generates additional income.
• 4 Multifamily Units: Each unit is 560 sq. ft. with 1 bedroom and 1 bathroom, offering a comfortable living space for tenants and a steady stream of rental income.
• Mobile Home: Located at the back of the property, the mobile home provides additional rental income or can be removed to make way for future development.
• Land Size: 26,310 square feet, offering ample space for current and future tenants.Expansion opportunity: The property comes with approved architectural and structural plans by Socorro’s Historical Landmark Commission to build 5 additional units, each 660 sq. ft. with 2 bedrooms and 1 bathroom. These units could be developed in the back of the lot, subject to removing the existing mobile home, making the property even more attractive for long-term investment and development.
This property offers a unique combination of immediate rental income and the ability to expand and increase value. Whether you're a seasoned investor or looking for your first multifamily opportunity, this is a must-see!
• 4 Multifamily Units: Each unit is 560 sq. ft. with 1 bedroom and 1 bathroom, offering a comfortable living space for tenants and a steady stream of rental income.
• Mobile Home: Located at the back of the property, the mobile home provides additional rental income or can be removed to make way for future development.
• Land Size: 26,310 square feet, offering ample space for current and future tenants.Expansion opportunity: The property comes with approved architectural and structural plans by Socorro’s Historical Landmark Commission to build 5 additional units, each 660 sq. ft. with 2 bedrooms and 1 bathroom. These units could be developed in the back of the lot, subject to removing the existing mobile home, making the property even more attractive for long-term investment and development.
This property offers a unique combination of immediate rental income and the ability to expand and increase value. Whether you're a seasoned investor or looking for your first multifamily opportunity, this is a must-see!
Property Facts
| Sale Type | Investment or Owner User | Lot Size | 0.60 AC |
| Property Type | Residential | Building Size | 2,240 SF |
| Property Subtype | Apartment | Number of Floors | 1 |
| Apartment Style | Low Rise | Year Built | 1984 |
| Building Class | C | Parking Ratio | 3.57/1,000 SF |
| Sale Type | Investment or Owner User |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.60 AC |
| Building Size | 2,240 SF |
| Number of Floors | 1 |
| Year Built | 1984 |
| Parking Ratio | 3.57/1,000 SF |
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PROPERTY TAXES
| Parcel Number | S533-000-0270-05D0 | Improvements Assessment | £38,576 |
| Land Assessment | £34,585 | Total Assessment | £73,161 |
PROPERTY TAXES
Parcel Number
S533-000-0270-05D0
Land Assessment
£34,585
Improvements Assessment
£38,576
Total Assessment
£73,161
zoning
| Zoning Code | C1 (Neighborhood Commercial) |
| C1 (Neighborhood Commercial) |
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Income-Producing Multifamily Property | 11683 Socorro Rd
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