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2901 Thurman St

29 Unit Apartment Building $3,149,000 ($108,586/Unit) 7.50% Cap Rate Laredo, TX 78046

Apartment Buildings Texas Laredo 2901 Thurman St, Laredo, TX 78046

Executive Summary

These Units are located across the street from Honore Ligarde Elementary School and a few blocks from HB Zachary Elem School. Currently, the rents are being raised to $950 and $975 per month, as tenants vacate.

Financial Summary (Actual - 2023)

Annual Annual Per SF
Gross Rental Income $243,554 $9.74
Other Income - -
Vacancy Loss - -
Effective Gross Income $243,554 $9.74
Taxes - -
Operating Expenses $72,346 $2.89
Total Expenses $72,346 $2.89
Net Operating Income - -

Financial Summary (Actual - 2023)

Gross Rental Income
Annual $243,554
Annual Per SF $9.74
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $243,554
Annual Per SF $9.74
Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual $72,346
Annual Per SF $2.89
Total Expenses
Annual $72,346
Annual Per SF $2.89
Net Operating Income
Annual -
Annual Per SF -

Property Facts

Price $3,149,000 Building Class C
Price Per Unit $108,586 Lot Size 0.89 AC
Sale Type Investment Building Size 25,000 SF
Cap Rate 7.50% Average Occupancy 97%
No. Units 29 No. Stories 2
Property Type Multifamily Year Built 1993
Property Subtype
Apartment
  • Multifamily Dormitory
 Parking Ratio 2.49/1,000 SF
Apartment Style Low Rise
Price $3,149,000
Price Per Unit $108,586
Sale Type Investment
Cap Rate 7.50%
No. Units 29
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Low Rise
Building Class C
Lot Size 0.89 AC
Building Size 25,000 SF
Average Occupancy 97%
No. Stories 2
Year Built 1993
Parking Ratio 2.49/1,000 SF

Unit Amenities

  • Air Conditioning
  • Washer/Dryer Hookup
  • Kitchen
  • High Speed Internet Access

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 29 $900.00 800
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PROPERTY TAXES

Parcel Number 180074 Improvements Assessment $0 (2024)
Land Assessment $0 (2024) Total Assessment $1,671,551 (2024)

PROPERTY TAXES

Parcel Number
180074
Land Assessment
$0 (2024)
Improvements Assessment
$0 (2024)
Total Assessment
$1,671,551 (2024)

zoning

Zoning Code R-2
R-2
(956) 206-8124

Contacts

  • Listing ID: 34007630

  • Date on Market: 11/26/2024

  • Last Updated:

  • Address: 2901 Thurman St, Laredo, TX 78046

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2901 Thurman St
(956) 206-8124 x

2901 Thurman St

1/2

Cristy Swisher

(956) 206-8124

(956) 206-8124

Mercurio Martinez

(956) 237-8282

(956) 237-8282

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