2095 La Palma St 36 Unit Apartment Building $2,755,520 CAD ($76,542 CAD/Unit) 6.46% Cap Rate San Benito, TX 78586

Prime 36-Unit Apartment Complex in the Heart of San Benito – Strong Income & Value-Add Potential
Introducing a rare multifamily investment opportunity in the rapidly growing Rio Grande Valley. This 36-unit apartment complex features a mix of 34 two-bedroom units and 2 one-bedroom units, offering a solid foundation of stable rental income with room for upside through continued renovations and management efficiencies.
Units feature semi-updated interiors, central heat and air, large bedrooms, and stable occupancy. All electrical is individually metered, providing utility cost transparency for tenants, while water is serviced by two master meters. Water bill just decreased by nearly $10,000 per year due to an ongoing leak that created city billing issue for the last few years.
Key property features include:
- On-site laundry facilities offering additional revenue potential
- Ample parking for residents
- On-site office space, which may be convertible into additional units or alternate income-generating use
- Strategic location minutes from local schools, employers, and Hwy 77
Proximity to Harlingen Airport (25 mins) and South Padre Island (30 mins).
The complex enjoys strong occupancy and presents a clear opportunity to increase NOI through rental growth, operational efficiencies, and selective capital improvements.
Whether you're expanding your portfolio or entering the multifamily market, this asset offers long-term value, immediate cash flow, and multiple paths to appreciation.
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Disclaimer: All information provided is deemed reliable but is not guaranteed and should be independently verified. TNT Real Estate and its agents make no representations or warranties, express or implied, as to the accuracy or completeness of any information contained herein. Buyers are advised to conduct their own due diligence, including but not limited to financial analysis, inspections, and verification of all property details. This offering is subject to errors, omissions, prior sale, price change, or withdrawal without notice.