The Manor | 404 Riverside Blvd
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The Manor 404 Riverside Blvd
8 Unit Apartment Building $850,000 ($106,250/Unit) Brownsville, TX 78520
INVESTMENT HIGHLIGHTS
- Near Downtown area and International Bridge
- Build luxury lofts
- Lots of space per unit.
EXECUTIVE SUMMARY
Currently 8 total units that need some renovation but plenty of room to build more units on 1.718 acres. Located near the Brownsville Texas Downtown area and the international bridge to Mexico. This city is about to boom due to Space X and recently improvements to International Port of Brownsville.
PROPERTY FACTS
| Price | $850,000 | Apartment Style | Low Rise |
| Price Per Unit | $106,250 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.71 AC |
| Sale Condition | Deferred Maintenance | Building Size | 7,143 SF |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1920 |
| Property Subtype | Apartment | Parking Ratio | 1.26/1,000 SF |
| Price | $850,000 |
| Price Per Unit | $106,250 |
| Sale Type | Investment |
| Sale Condition | Deferred Maintenance |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 1.71 AC |
| Building Size | 7,143 SF |
| No. Stories | 2 |
| Year Built | 1920 |
| Parking Ratio | 1.26/1,000 SF |
UNIT AMENITIES
- Air Conditioning
- Fireplace
- Heating
- Kitchen
- Oven
- Tub/Shower
SITE AMENITIES
- Courtyard
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | $1,000 | 800 |
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PROPERTY TAXES
| Parcel Number | 063090-0100-001700 | Improvements Assessment | $328,052 |
| Land Assessment | $331,150 | Total Assessment | $659,202 |
PROPERTY TAXES
Parcel Number
063090-0100-001700
Land Assessment
$331,150
Improvements Assessment
$328,052
Total Assessment
$659,202
ZONING
| Zoning Code | commercial multiunit (Commercial Multi-unit) |
| commercial multiunit (Commercial Multi-unit) |
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Rio Realty
The Manor | 404 Riverside Blvd
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