$299,000

918 E 2nd Street

Alice TX, 78332

Description

Rudolph Arms is an income-producing property with 9 apartments. 7 units recently updated/remodeled. There are four 1 bedrooms and five studios/efficiencies. Each apartment on separate meters, new boxes in 2017. HVAC window units for each apartment. LED exterior lighting for low cost and maintenance. Partial new roof, stucco exterior. L-shape complex with one-story and two-story orientation. The seller has done over $120K in upgrades to the property. Expansive grass area in the back of the building that could become a space for recreational vehicle parking, playscape, garages, storage buildings, check with city of Alice for zoning. Quiet street within walking distance to HEB, drug stores, laundrymats and restaurants. Currently, tenants pay all utilities, dumpster provided for trash. No refrigerators in units. Tenants provide their own. Large common area green space in front and back of the complex. Ample parking in front of building as well as the alley.

Details

MLS#370198
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Days On Site56

Features

Bed(s)9
Bath(s) 9 Total
SQ Feet3,700
Story(s)2
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Area Information
StateTX
CountyJim Wells
CityAlice
Zip Code78332
Community NamePresnell & Adams ADDN
School DistrictAlice ISD
Elementary SchoolSchanen
Middle SchoolAlice
High SchoolAlice
Listing VS Median (in Presnell & Adams ADDN)
Price:
$299,000
low | high
Med:
$299,000
50% of Average
SqFt:
3,700
low | high
Med:
3,700
50% of Average
$ / SqFt:
$81
low | high
Med:
$81
50% of Average
On Site:
56
low | high
Med:
56
100% of Average
Listing Updated: 10/28/2020
Tracey Shores LogoMLS Number: 370198
Listing Provided By:
Tracey Shores  of  K M Premier Real Estate

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