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South Texas MLS

​Based on information from South Texas MLS, LLC for the period 01/01/2024 through 12/31/2024. All information provided is deemed reliable but is not guaranteed and should be independently verified. South Texas MLS, LLC provides the MLS and all content therein 'AS IS' and without any warranty, express or implied. The listing data contained is a copyright of Texas Association of REALTORS® and that reproduction or distribution is not allowed. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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$1,199,000
For Sale

1870 King David

Three Rivers, TX 78071
15876 sqft | 1.89 acres | #469959
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40 photos
Type:Purchase
Structure:Condo
Zone:Residential

Description

Exceptional multifamily investment opportunity in the heart of Three Rivers, Texas! This 20-unit apartment complex offers both strong current performance and future upside with an 8.1% cap rate and room for rent increases. The property consists of twelve 2-bed/1-bath units and four 1-bed/1-bath units — all recently updated with central heat and air, laundry connections, and full kitchens. Exterior amenities include private parking, tenant patios or balconies, and convenient access to IH-37, ensuring steady rental demand. Priced to sell, this is an ideal opportunity for investors seeking cash flow, appreciation potential, and a turnkey asset in a growing South Texas market.

  • Property Details
      • Utility FeaturesSewer Available, Water Available
      • InteriorWindow Treatments
      • School DistrictThree Rivers Isd
      • SubdivisionWM O'DOCHARTY
      • Sewer InformationPublic Sewer
      • Elementary SchoolThree Rivers
      • Middle SchoolThree Rivers
      • High SchoolThree Rivers
      • Lot DescriptionCorner Lot
      • Original List Price$1,199,000
      • Cost1199000.0
      • Property SubtypeApartment
      • Property TypePurchase
      • CountyLive Oak
      • Square Feet15876.0
      • Utility SourcePublic
      • Taxes Annual$5,749
      • MLS #469959
      • MLS #469959
      • Acres1.89
      • Year Built1994
      • FoundationSlab
      • Hoa Fees0.0
      • Stories2

Location

Legal

​Based on information from South Texas MLS, LLC for the period 01/01/2024 through 12/31/2024. All information provided is deemed reliable but is not guaranteed and should be independently verified. South Texas MLS, LLC provides the MLS and all content therein 'AS IS' and without any warranty, express or implied. The listing data contained is a copyright of Texas Association of REALTORS® and that reproduction or distribution is not allowed. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Last Updated: Today at 1:50 AM. Source: STMLS

Provided By
Listing Agent: James Mirabal (#481796126)
Listing Office: Mirabal Montalvo & Associates (#533307)

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