Active
1303 Philadelphia St
Laredo TX, 78041
$2,500,000
$168.29 per sqft
Active
12 Beds
2 Baths
14,855 sqft
Multi-family
Multi-Unit (12 Unit Apartments) needs. Each unit has it own independent water and electrical meter. As per owner, after repairs, he plans to increase the selling the price, but sold as-is for now. ARV $2 Million and Annual GRI $130,000-$140,000 range. Corner lot has potential to grow, out of the 17,352 sqft lot, only 6,652 sqft has been used for building. There is still 10,700 sqft of untapped land to build 12 more apartments and added ROI value. Property is under full remodel mode.
20233647
MLSⓇ ID
October 6, 2023
Listed
February 21, 2025
Updated
Interior Features
Bedrooms
12
Total Bathrooms
2
Full Bathrooms
2
Floor Description
Tile
Fireplace
No
Cooling
Yes
Cooling Description
Central Electric
Heating
Yes
Heating Description
Central Electric
Exterior/Building Features
Lot Size
0.38 Acres
Roof
Shingle-Composition
Sewer
Sewer Connection
School Information
School District
Western Division
Other Property Details
Area Name
01 Western Division - S of Markley St. and Canal, W of Zacate Creek.
Garage
No
Parking
Lot, Onsite
View
No
County
WEBB
Water Source
Public Water
Pool
No
Utilities
Underground Utilities
Listing History
Date | Event | Price |
|---|---|---|
2/25/2024 | Price change | $2,500,000 331% |
Listed by Samantha Hernandez with Exclusive Broker & Realty, LLC
Listing Contact: 956-333-3802
Based on information from the Laredo Association of REALTORS® as of 2/21/2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 2/21/2025 at 2:55 AM UTC