$1,975,000

2095 La Palma St San Benito, TX 78586

Estimated payment $12,700/month

Total Views 1,079
-- Bed
-- Bath
23,816 Sq Ft
$83 Price per Sq Ft

Highlights

  • 1.2 Acre Lot
  • Balcony
  • Laundry closet
  • No HOA
  • Double Pane Windows
  • Vinyl Plank Flooring

About This Home

Prime 36-Unit Apartment Complex. Strong Income & Value-Add Potential.Multifamily investment opportunity. 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. All electrical is individually metered, providing utility cost transparency for tenants, while water is serviced by two master meters.Key property features include:On-site laundry facilities for additional revenue, ample parking, office space (may be convertible into additional units or other income-generating use), and strategic location.The complex enjoys strong occupancy and presents a clear opportunity to increase NOI through rental growth, operational efficiencies, and selective capital improvements.Financial packet, pro forma, and rent roll available upon request.

Listing Agent

Boone Tyson

Tnt Real Estate Listed on: 05/27/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,265

Year Built

  • Built in 1994

Lot Details

  • 1.2 Acre Lot
  • Chain Link Fence

Parking

  • No Garage

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Composition Shingle Roof
  • Wood Siding

Interior Spaces

  • 23,816 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Stove
  • Laundry closet

Flooring

  • Carpet
  • Vinyl Plank

Schools

  • Fred Booth Elementary School
  • Cabaza Middle School
  • San Benito High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Additional Features

  • Energy-Efficient Thermostat
  • Balcony

Listing and Financial Details

  • Assessor Parcel Number 6108201240009310

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units
  • San Benito Land & Water Co. Subdivision

Building Details

  • Insurance Expense $24,000
  • Maintenance Expense $15,155
  • Gross Income $259,080

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,265

Year Built

Built in 1994

Lot Details

0

Listing Details

  • Directions: Head west on I-2 toward San Benito, take Exit 21 toward TX-486 Spur/Williams Rd/Ratliff St, continue on TX-486 Spur N/S Oscar Williams Rd, then turn right on La Palma St—the property will be on your right-hand side. GPS will be able to guide you directly to the property.
  • Year Built: 1994
  • Property Sub Type: Apartment
  • Prop. Type: Residential Income
  • Lot Size Acres: 1.2
  • Road Surface Type: Paved
  • Subdivision Name: San Benito Land & Water Co.
  • Carport Y N: No
  • Garage Yn: No
  • Efficiency: None, Thermostat
  • Building Stories: 2
  • GMAR_Escrow: 20000
  • Special Features: None
  • Stories: 2

Interior Features

  • Roof: Composition Shingle
  • Appliances: Electric Water Heater, Refrigerator, Stove/Range
  • Flooring: Carpet, Other, Vinyl
  • Living Area: 23816
  • Window Features: Energy Features (Double Pane Windows)

Exterior Features

  • Interior Amenities: Ceiling Fan(s)
  • Fencing: Chain Link, Non Privacy
  • Home Warranty: No
  • Construction Type: Brick, Wood Siding
  • Foundation Details: Slab
  • Other Structures: Laundry Facility, Office
  • Patio And Porch Features: Deck/Balcony/Porch
  • Pool YN: No

Garage/Parking

  • Parking Features: No Carport, No Garage

Utilities

  • Laundry Features: Laundry Area
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: City Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Street Lights
  • Association: No

Schools

  • Elementary School: Fred Booth
  • High School: San Benito H.S.
  • Junior High Dist: San Benito ISD
  • Middle Or Junior School: Cabaza

Lot Info

  • Lot Size Sq Ft: 52272
  • Parcel #: 6108201240009310

Building Info

  • Buildings: 2

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 21265

Multi Family

  • Number Of Units In Community: 2
  • Number Of Units Total: 36
  • Annual Gross Income: 259080
  • Insurance Expense: 24000

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/27/2025 05/27/25 For Sale $1,975,000 +58.0% $83 / Sq Ft
08/10/2020 08/10/20 Sold -- -- --
06/18/2020 06/18/20 Pending -- -- --
05/25/2020 05/25/20 For Sale $1,250,000 -- $2,083 / Sq Ft
Source: Greater McAllen Association of REALTORS®

Source: Greater McAllen Association of REALTORS®

MLS Number: 472199

Greater McAllen Association of REALTORS®

Texas Cameron County San Benito 78586

2095 La Palma St, San Benito, TX

This home is located at 2095 La Palma St, San Benito, TX 78586 and is currently priced at $1,975,000, approximately $82 per square foot. This property was built in 1994. 2095 La Palma St is a home located in Cameron County with nearby schools including Fred Booth Elementary School, Berta Cabaza Middle School, and San Benito Veterans Memorial Acade.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Greater McAllen Association of REALTORS® The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of Greater McAllen Association of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Information deemed reliable but not guaranteed.

Copyright 2025 Greater McAllen Association of Realtors. All rights reserved.

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Boone Tyson
Listing Agent
Boone Tyson
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Tnt Real Estate
(956) 450-7206