701 W Leona St
Dilley, TX 78017

Marcus & Millichap is pleased to offer the Frio Lodges in Dilley, Texas, and the Rigtown Estates in Pearsall, Texas, a portfolio consisting of apartment units, single-family dwellings and RV/Mobile Home Parking spaces surrounded by actively-increasing Eagle Ford Shale oil production. Neither property is exclusively oil field housing. Dilley and Pearsall are approximately 15 miles from each other, approximately 45 miles southwest of San Antonio. The portfolio consists of 23 two-bedroom/one-bath apartments at 576 square feet, one one-bedroom/one-bath apartment at 456 square feet, six two-bedroom/two-bath newer-model trailers at 640 square feet, 16 two-bedroom/one-bath single-family units at 576 square feet, 10 additional mobile home spaces, and 26 RV spaces. The majority of the units are rented by oil-related companies, the largest of which now has a standing order to lease every vacant unit as they come available. The houses, apartments, and trailers are 100 percent-occupied, and there are five RV’s spaces rented as of this analysis. Frio Lodges are completely furnished, including flat-screen TV’s, linens, towels, and utensils. All have two bedrooms and one bath. Unit amenities include electric appliances, granite countertops, a mixture of vinyl-plank and ceramic tile on the first floor and carpeting and ceramic tile upstairs. The six trailers also have dishwashers. Common amenities are numerous and include a 300-square-foot, commercial-grade exercise facility, a beautiful 2,000-square-foot recreation hall featuring a pool table, foosball, poker table and large-screen TV’s, and a spacious dining room that comfortably seats 40 people; there are three restrooms in the building. Attached to the dining area is a fully-furnished commercial kitchen that is currently not in use but has served to provide breakfast to all tenants for a significant increase in rents. The property also has two on-site laundry facilities and a 16-camera video surveillance system.