Nestled amongst the beautifully manicured homes in the coveted Monticello Park neighborhood stands The Robbin, (110-112 Mary Louise). This two story gem boasts 22 spacious units and a host of amenities such as a courtyard pool, covered parking, and on-site laundry and large meeting room.  Located on the corner of Fredericksburg Road and Mary Louise, residents will enjoy being just steps from   H-E-B, public transport access, and the Deco District.  The Robin is now vacant, a blank canvas, ready for its new owners to apply their vision to it.  It is our pleasure to present to you this rare opportunity and we are looking forward to assisting you.

PROPERTY DETAILS:

18 1BD 1BA UNITS (easily converted into 2BD 1BA units)  660 sqft

2 2BD 1BA UNITS  860 sqft

2 2BD 2BA UNITS  840 sqft

17032 SQFT

.5165 ACRE LOT

FOUNDATION IS SOLID

THE ROOF IS IN GOOD CONDTION- UDATED 2018

NO ELECTRICAL OR PLUMBING ISSUES

ALL 22 HAVE A/C UNITS AND DUCTING (certain units will need updating) 

PROPERTY COMES VACANT- NO LEASES

ANNUAL TAXES: $19360.78

PREVIOUS ANNUAL INSURANCE PREMIUM: APROX $12,000

PRICING DETAILS:

ASKING: $1,600,000

ARV: $2,945,000

REPAIR EST: $$500,000-$600,000

EMD: $16,000

RENTAL COMPS:

1BD 1BA UNITS ARE RENTING FOR $950-$1100

2BD 1BA UNITS ARE RENTING FOR  $1150-$1450

*REACH OUT TO BRYAN TODAY*

BRYAN@STREEHOMEBUYERS