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1618 Flores Ave - Martinez Apartments 6 Unit Apartment Building Offered at $799,078 CAD at a 9% Cap Rate Laredo, TX 78040
Investment Highlights
- Downtown Area
- All Occupied
- Sited in Corner Lot
Executive Summary
Sited in a corner lot 6 units Apartment Complex 99% occupied, all tile floors fair condition for sale
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$85,050
|
$17.37
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$85,050
|
$17.37
|
| Taxes |
-
|
-
|
| Operating Expenses |
$18,996
|
$3.88
|
| Total Expenses |
$18,996
|
$3.88
|
| Net Operating Income |
$66,054
|
$13.49
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $85,050 |
| Annual Per SF | $17.37 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $85,050 |
| Annual Per SF | $17.37 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $18,996 |
| Annual Per SF | $3.88 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $18,996 |
| Annual Per SF | $3.88 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $66,054 |
| Annual Per SF | $13.49 |
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Washer/Dryer Hookup
- Ceiling Fans
- Tile Floors
- Refrigerator
- Range
- Smoke Free
Site Amenities
- 24 Hour Access
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | $1,181 CAD | 816 |
1 1
Moderately walkable
60/100
Very drivable
80/100
Fairly bikeable
40/100
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Presented by
Patty Pequeno Real Estate
1618 Flores Ave - Martinez Apartments
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