Property Type Two Story
Status Active
Price Type
Distressed
Year Built 1980
Neighborhood N/a
Days on Website 179

Property Map

$679,900 – 118 W Mill St, Uvalde, TX 78801

Street View

Courtesy of The Jennifer Jo Real Estate Broker, Jennifer Suarez {attribution_contact}

Description

Just listed at 118 W. Mill St., this exceptional property is a rare find in the Uvalde market, presenting an unparalleled opportunity for investors. This five-unit, two-story townhome complex is an investor’s dream, each unit featuring two bedrooms and one and a half baths. With brick siding throughout and composition shingle roofing, the townhomes are both durable and aesthetically pleasing. Situated on a massive lot, each unit comes equipped with its own A/C unit and appliances, including a refrigerator and stove. Washer and dryer connections are also available in every unit.The thoughtfully designed layout includes a living room, kitchen, and laundry area on the first floor, accompanied by a half bath. Upstairs, you’ll find two generously sized bedrooms filled with natural light and a full bathroom with a shower-tub combo and a large vanity area. The downstairs half bath is conveniently located next to the washer and dryer connections.Priced to sell at $679,900, this property offers fantastic parking for all tenants, a deep lot, and a side alleyway that can accommodate future projects. With minimal operating expenses and high rental demand, these five townhomes represent a lucrative investment opportunity that shouldn’t be missed.

Property Details and Features

Listing

  • 178 cumulative days on market
  • 178 days on market
  • Listing date: 2024-05-28 05:00:00
  • Price per square foot: $128

Location

  • County: Uvalde
  • Subdivision: N/A

Bedrooms

  • 2 bedrooms in unit 1
  • 2 bedrooms in unit 2
  • 2 bedrooms in unit 3
  • 2 bedrooms in unit 4
  • 2 bedrooms in unit 5

Bathrooms

  • 1 full bathroom in unit 1
  • 1 half bathroom in unit 1
  • 1 full bathroom in unit 2
  • 1 half bathroom in unit 2
  • 1 full bathroom in unit 3
  • 1 half bathroom in unit 3
  • 1 full bathroom in unit 4
  • 1 half bathroom in unit 4
  • 1 full bathroom in unit 5
  • 1 half bathroom in unit 5

Accessibility Features

  • Unit 1 disability access: No
  • Unit 2 disability access: No
  • Unit 3 disability access: No
  • Unit 4 disability access: No
  • Unit 5 disability access: No

Building

  • 5,292 square feet
  • 5 total units
  • Approximate age: 44 years
  • Built in 1980
  • Builder: N/a
  • Refrigerator
  • Washer
  • Washer Connection
  • Dryer Connection
  • Refrigerator
  • Washer Connection
  • Dryer Connection
  • Oven/Stove
  • Refrigerator
  • Washer Connection
  • Dryer Connection
  • Oven/Stove
  • Refrigerator
  • Washer Connection
  • Dryer Connection
  • Oven/Stove
  • Refrigerator
  • Washer Connection
  • Dryer Connection

Exterior Features

  • Patio Slab
  • Not Applicable/None
  • Brick

Floors

  • Carpeting
  • Ceramic Tile
  • Laminate
  • Other

Foundation

  • Slab

Roof

  • Composition

Miscellaneous

  • Net operating income: $64,500
  • Unit 1 rent: $1,075
  • Unit 2 rent: $1,075
  • Unit 3 rent: $1,075
  • Unit 4 rent: $1,075
  • Unit 5 rent: $1,075
  • 25% vacancy rate
  • Annual operating expense: $11,000
  • Gross annual income: $64,500
  • Taxes
  • Insurance
  • Maintenance

Parking

  • 1 parking space for unit 1
  • Unit 1 parking type: Detached,Pad
  • 1 parking space for unit 2
  • Unit 2 parking type: Detached,Pad
  • 1 parking space for unit 3
  • Unit 3 parking type: Detached,Pad
  • 1 parking space for unit 4
  • Unit 4 parking type: Detached,Pad
  • 1 parking space for unit 5
  • Unit 5 parking type: Detached,Pad

Property

  • Zoning: REAL

Schools

  • School district: Uvalde Cisd
  • Elementary school: Uvalde
  • Middle school: Uvalde
  • High school: Uvalde

Cooling

  • Unit Central
  • One Central

Heating

  • Electric
  • Central

Utilities

  • Separate Electric
  • Common Water
  • City
  • Other

Taxes

  • Total tax amount: $4,958

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