7-Unit Multifamily in Laredo, TX

One property, several ways to win. (address on request) in Laredo, TX is a 7-unit, multi-structure opportunity on an over-sized corner lot (approx. 0.3 acres), offered at $475,000 (about $94 per SF, about $67,900 per unit).

FOR THE INVESTOR: Seller-provided figures show approximately $5,350 per month in current net rent across 7 rental components (about $64,200 per year), with approximately $6,100 per month (about $73,200 per year) in identified potential. The seller's estimated annual expenses total $15,500 (approx. $4,000 taxes, $8,000 insurance, $1,500 repairs and maintenance, $2,000 vacancy), which indicates an estimated NOI of about $48,700 (approx. 10.25% cap at asking) today and about $57,700 (approx. 12.15% cap) at potential rents. These are seller estimates and are unaudited. The seller also reports $1,500 in security deposits held. The rent roll and supporting financials are available to qualified buyers on request, and we encourage every buyer to verify taxes, insurance, utilities, and leases before making an offer.

UNIT MIX AND RENTS (seller-provided rent roll, monthly, current net / potential):

Main home, 3BR/1BA: $1,000 / $1,150 (gross rent $1,350 less a $350 utility credit tied to Apt A and Apt B)

Apt A, 1BR/1BA: $800 / $850

Apt B, 1BR/1BA: $750 / $800

1401 Alamo, 2BR/1BA: $650 / $850

2720 1/2 Juarez, 2BR/1BA: $850 / $850

2720 Juarez, 2BR/1BA: $650 / $850

2718 Juarez, 3BR/1BA: $650 / $750

Totals per the rent roll: 14 bedrooms, 7 bathrooms, $5,350 current / $6,100 potential per month.

FOR THE VALUE-ADD BUYER: Several units are rented below the seller's stated potential, which points to a clear path to grow income through rent adjustments and light improvements.

FOR THE OWNER-OCCUPANT OR FAMILY BUYER: Live in one unit and let the others help carry the property, or keep family close in separate structures on one lot.

FOR THE BUILDER OR DEVELOPER: A corner lot with multiple existing structures. Zoning is reported by the seller as B-1. Buyers should verify zoning and redevelopment options with the City of Laredo.

PROPERTY FACTS (per MLS #20264058): Approx. 5,078 SF of livable area. Wood frame with brick veneer, composition shingle roof. Central electric and window unit heating and cooling. Gas water heater. Washer/dryer hookups in the 2 and 3 bedroom units. Vinyl and concrete flooring. Fenced (chain link). On-street parking. Public water, sewer connected, natural gas available, overhead utilities, cable connected. Western Division subdivision, parcel 163917. Annual taxes $3,848 on an assessed value of $245,780. Cash or conventional financing.

Se habla español. To request the rent roll or schedule a showing, contact Ricky Ray Hernandez and Cecilia Perez Hernandez, Multidimensional Realtors, at. Listing courtesy of Leo Saenz, Better Homes & Gardens Real Estate (MLS #20264058).

7 Units | Existing Rental Income | Rent Upside | Corner Lot

7 rental components (14 bedrooms, 7 bathrooms per seller rent roll) on one over-sized corner lot, approx. 0.3 acres

Seller-provided: approx. $5,350/month current net rent, approx. $6,100/month potential (unit-by-unit rent schedule in the description)

Seller-estimated NOI approx. $48,700 (10.25% cap at asking), approx. $57,700 at potential rents (12.15% cap). Unaudited, rent roll available to qualified buyers

Several units rented below stated potential: clear rent-growth path

Multiple separate structures: flexible for investors, owner-occupants, and builders

Approx. 5,078 SF of livable area, asking $475,000 (approx. $94 per SF, approx. $67,900 per unit)

Annual taxes $3,848 (assessed value $245,780), on-street parking, fenced, W/D hookups in 2 and 3 bedroom units

Cash or conventional financing