Property Map
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