Dutch Fisher Real Estate

Office (956) 545-8046

1064 & 1066 E. Las Ebanas Blvd Brownsville, Texas 78520

May You Always Reach Your Home Port Safely!

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DUTCH FISHER REAL ESTATE
1064 & 1066 E. Los Ebanos Blvd
BROWNSVILLE TX 78520
(956) 546-3474 Office
(956) 546-3444 Fax
(956) 545-8046 Cell
(956) 494-3731 Cell
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Listing Details
MLS Number: 29716518
List Price: $469,500
Street #: 500
Property Type: Multiplex (2-10)
NSEW: S
Street Name: CENTRAL
City: BROWNSVILLE
State: TX
Zip Code: 78521
Subdivision: OUT LOC
Elementary School: OTHER
Middle School: OTHER
High School: OTHER
School District: BROWNSVILLE I.S.D.
County: CAMERON
Lot Dimensions:  
Lot SqFt: 21453
Acreage: 0
Remarks: Mixed use, value-add investment opportunity with 6 apartments and a commercial building, currently being used as a laundry facility. Six, large 3 bedroom, 2 bath units (averaging 1, 030 SF) being leased for $540-$585, totaling $3, 415 gross monthly income. Well maintained building with spacious floorplans and long-term tenants. Quick Trip Laundry is currently on a 10-year triple net lease (expires 04/30/2027), with step up rental payments for years 4-10. Base rent for years 1-3 is $1, 545 + estimated tax and insurance reimbursement of 24% of actual cost, equates to an effective gross monthly rent of approximately $1, 830/month. Lessee has been in the laundry business since 1981 and operates 8 laundry facilities.
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IDX
Listing Office Name: MASON & COMPANY
Listing Agent Name: TOM MASON II