21272 Ebony Rd
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21272 Ebony Rd
8 Unit Block of Flats £493,756 (£61,720/Unit) 10.06% Net Initial Yield Harlingen, TX 78550
Investment Highlights
- Country Style Multifamily Living
- Cash flow positive business with 9 total units
- 8.34 Acres, so plenty of land around the buildings
Executive Summary
Fantastic opportunity for a cash flowing multifamily property located in Rio Hondo TX. This property has 5 income producing buildings-4 freestanding homes and 1 five-plex. The five-plex has two units that have been recently remodeled. The brown house was built in 1992 and has 1312 SF Living. The front house is a 3 bd/2 bth home built in 1980 with 1056 s.f. The middle house is a 3 bd/2 bth home with 1536 s.f., built in 1980. The back house is a 3 bd/1 bth home with 1073 s.f. built in 1970. The 5-plex on the property is 3,776 s.f. built in 1990 and is made up of three units down stairs & two units upstairs. Each Building has its own septic system.
Financial Summary (Actual - 2022) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2022) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £493,756 | Building Class | C |
| Price Per Unit | £61,720 | Lot Size | 8.34 AC |
| Sale Type | Investment | Building Size | 8,753 SF |
| Net Initial Yield | 10.06% | Average Occupancy | 100% |
| Gross Rent Multiplier | 9.23 | Number of Floors | 2 |
| No. Units | 8 | Year Built | 1970 |
| Property Type | Residential | Parking Ratio | 1.6/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Single Family Home |
| Price | £493,756 |
| Price Per Unit | £61,720 |
| Sale Type | Investment |
| Net Initial Yield | 10.06% |
| Gross Rent Multiplier | 9.23 |
| No. Units | 8 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Single Family Home |
| Building Class | C |
| Lot Size | 8.34 AC |
| Building Size | 8,753 SF |
| Average Occupancy | 100% |
| Number of Floors | 2 |
| Year Built | 1970 |
| Parking Ratio | 1.6/1,000 SF |
| Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
- Washer/Dryer Hookup
- Heating
- Kitchen
- Tub/Shower
- Yard
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 3+2 | 3 | £780.13 | 1,056 - 1,536 |
| 3+1 | 1 | £750.51 | 1,073 |
| 1+1 | 1 | £395.00 | - |
| 2+1 | 3 | £564.86 | - |
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PROPERTY TAXES
| Parcel Number | 973710-0010-003000 | Total Assessment | £259,089 (2024) |
| Land Assessment | £0 (2024) | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £0 (2024) | Tax Year | 2022 |
PROPERTY TAXES
Parcel Number
973710-0010-003000
Land Assessment
£0 (2024)
Improvements Assessment
£0 (2024)
Total Assessment
£259,089 (2024)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2022
zoning
| Zoning Code | Commercial (The improvements are zoned commercial but the land is zoned residential.) |
| Commercial (The improvements are zoned commercial but the land is zoned residential.) |
-
Brandon Krupala -
Keller Williams Realty RGV
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21272 Ebony Rd
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