bugambilias apartments - loopnet · 2019-09-11 · bugambilias apartments 701 e 5th st, mercedes,...

Bugambilias Apartments Presented By:M2 Property Group, LLC

701 E 5th St, Mercedes, TX 78570

This 118 Unit Apartment Complex in Mercedes, Texas has an occupancy rate that hovers between88%-95%. Each unit is well maintained with good tenancy. Bugambilia apartments are located in a hightraffic area with close proximity to public transportation and an important employment base. There are13 buildings and 9 laundry facilities. Cash flow averages $56,000 x month.

Price: $5,500,000

Occupancy Rate hovers between 88%-95%.

Located in high traffic area with proximity to public transportation.

Cash flow averages $56,000 x month.

Built in 2010 and well maintained.

View the full listing here: https://www.loopnet.com/Listing/701-E-5th-St-Mercedes-TX/17076551/

Price: $5,500,000

No. Units: 118

Property Type: Multifamily

Property Sub-type: Apartments

Apartment Style: Garden

Building Class: C

Sale Type: Investment

Cap Rate: 6.63%

Lot Size: 2.49 AC

Building Size: 152,466 SF

Gross Rent Multiplier: 8.44

No. Beds: 118

No. Stories: 2

Year Built: 2010

Parking Ratio: 1.55/1,000 SF

Property Details

Bugambilias Apartments701 E 5th St, Mercedes, TX 78570

Unit/Room Mix Information

Description No. Units Avg. Rent/Mo Sq. Ft2+1 54 600 818

1+1 64 500 644

Bugambilias Apartments701 E 5th St, Mercedes, TX 78570

Location

Bugambilias Apartments701 E 5th St, Mercedes, TX 78570

13 Buildings - 118 Units Apartment Living Room

Property Photos

Bugambilias Apartments701 E 5th St, Mercedes, TX 78570

Apartment Living Room Apartment Living Room

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Bugambilias Apartments701 E 5th St, Mercedes, TX 78570

Apartment Kitchen Apartment Kitchen

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Bugambilias Apartments701 E 5th St, Mercedes, TX 78570

Apartment Dining Area Apartment bBathroom

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Bugambilias Apartments701 E 5th St, Mercedes, TX 78570

Apartment Bedroom Apartment Bedroom

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Bugambilias Apartments701 E 5th St, Mercedes, TX 78570

Ext 2 Ext 3

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Bugambilias Apartments701 E 5th St, Mercedes, TX 78570

Exterior of Building View of Building from Across the Street

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Bugambilias Apartments701 E 5th St, Mercedes, TX 78570

Map View

Property Photos

Bugambilias Apartments701 E 5th St, Mercedes, TX 78570

Myra Caridad GarciaMyra@M2PropertyGroup.Net(833) 628-3927 Ext: 102

M2 Property Group, LLC14257 Fm 2920Tomball, TX 77377

Bugambilias Apartments701 E 5th St, Mercedes, TX 78570