2300′ ft hwy frontage +/- on Military Hwy, all the way to the river about 440′ ft. Rio Grande River front. Brownsville TX. subdivision potential 16″ PUB water line across street. North side. About 1 Mile West of flor de Mayo st. Or Alton Gloor Rd. Very close to Where the new international bridge will be
2024 Actuals:
Gross Income: $101,600.51
Expenses: $47,715.93
NOI: $53,884.58
CAP Rate: 8.29%
2025 Projections:
Gross Income: $127,361
Expenses: $47,715.93 (held constant for conservative underwriting)
Projected NOI: $79,645.07
Projected CAP Rate: 12.25%
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