
Courtesy of: James Mirabal, Mirabal Montalvo & Associates, j_mirabal@mac.com
$1,199,000
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Lot: 1.89 Acres
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Apartment
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$1,199,000
1870 King David Exceptional multifamily investment opportunity in the heart of Three Rivers, Texas! This 20-unit apartment complex offers both strong current performance and future upside with an 8.1% cap rate and room for rent increases. The property consists of twelve 2-bed/1-bath units and four 1-bed/1-bath units - all recently updated with central heat and air, laundry connections, and full kitchens. Exterior amenities include private parking, tenant patios or balconies, and convenient access to IH-37, ensuring steady rental demand. Priced to sell, this is an ideal opportunity for investors seeking cash flow, appreciation potential, and a turnkey asset in a growing South Texas market.
Courtesy of: James Mirabal, Mirabal Montalvo & Associates, j_mirabal@mac.com
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