1870 King David, Three Rivers, TX 78071
Local realty services provided by:CENTURY 21 Judge Fite Company
Listed by: james mirabal
Office: mirabal montalvo & associates
MLS#:469959
Source:South Texas MLS
Price summary
- Price:$1,199,000
- Price per sq. ft.:$75.52
About this home
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.
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Home facts
- Year built:1994
- Listing ID #:469959
- Added:44 day(s) ago
- Updated:February 28, 2026 at 03:04 PM
Rooms and interior
- Flooring:Carpet, Laminate
- Kitchen Description:Electric Oven, Electric Range
- Living area:15,876 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central, Electric
Structure and exterior
- Roof:Shingle
- Year built:1994
- Building area:15,876 sq. ft.
- Lot area:1.89 Acres
- Lot Features:Corner Lot
- Foundation Description:Slab
- Levels:2 Story
Schools
- High school:Three Rivers
- Middle school:Three Rivers
- Elementary school:Three Rivers
Utilities
- Water:Public, Water Available
- Sewer:Public Sewer, Sewer Available
Finances and disclosures
- Price:$1,199,000
- Price per sq. ft.:$75.52
- Tax amount:$5,749
Features and amenities
- Appliances:Electric Oven, Electric Range
- Laundry features:Dryer Hookup, Washer Hookup
- Amenities:Smoke Detectors, Window Coverings
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