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1315 Senator Carlos Truan Blvd
Kingsville, TX 78363

Quail Ridge Apartments · Multifamily Property For Sale · 29 Units

INVESTMENT HIGHLIGHTS

  • 96% average occupancy Trailing 12 months
  • Fully renovated exterior - roofs, paint, plumbing and grounds. All renovated interior units (less a few legacy tenants)
  • Not required, but option to assume existing loan with 3.67% interest rate
  • True 5.9% cap rate on actual T12 NOI performance with continued upside
  • Individually metered electric (copper wiring) with RUBS opportunity for water/sewer/trash

PROPERTY FACTS

No. Units 29
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 1.84 AC
Building Size 23,810 SF
Average Occupancy 96%
No. Stories 1
Year Built 1965
Parking Ratio 3.94/1,000 SF

UNIT AMENITIES

  • Heating
  • Kitchen
  • Tub/Shower

SITE AMENITIES

  • Laundry Facilities

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 9 $548.50 480
2+1 16 $716.00 625
3+1 3 $807.50 650
3+2 1 $1,320 1,299

PROPERTY TAXES

ZONING

Zoning Code MF
  • Listing ID: 26546013

  • Date on Market: 9/2/2022

  • Last Updated:

  • Address: 1315 Senator Carlos Truan Blvd, Kingsville, TX 78363