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48 Unit Apartment Complex in Texas

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Listing Information

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48 Unit Apartment Complex in Texas



Price: $3,300,000.00


Other Item Info
Item #: txsbke_439996
Created: 01/13/2021
Category: Real Property > Commercial > Multi-tenant Residential Property
Sale Date: None Set
Seller Info
Kurt Stephen
Debtor's Attorney
100 S Bicentennial Blvd
McAllen, TX 78501
956-631-3381
Bankruptcy Info
Case #: 7:20-bk-70051
Court: Texas Southern Bankruptcy Court
Chapter: 11
View Case Docket

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Real Estate Location

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601 Lindberg Ave
McAllen, TX, 78501

Description

Sale of 48 unit apartment complex known as “Napa Apartments” located in Hidalgo County, Texas. Napa Apartments is a Class A multi-family asset located in prime, central south McAllen Texas. Built in 2014, Napa Apartments consists of a mixed 1-2-& 3 bd, 48 unit complex w/ BLDG 1 & BLDG 2, each two story. Complex is located, and has easy access to two major traffic corridors, U.S Expressway 83 and 10th St. Property is currently managed by a licensed Property Manager off site; water, cable and trash are included in rent. Each unit has refrigerator, stove/range and washer/dryer connections. Total land area is 2.58 acres (approx.) There remains an unimproved parcel at the south section of the site.

Features:

  • Property Type: Multifamily/Apartment
  • Building Size: 50,000 SF
  • Lot Size: 2.58 AC
  • Built in 2014

Additional Details

Last date to respond: 21 days from the date of service
Date of Service: January 12, 2021



Other Information

Terms and Conditions:

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