Opportunity to purchase a non-performing note that has as its collateral 63,580 square feet of single-story apartment buildings situated on 6.32 acres within the City of Laredo, Texas. The 6.32 acre site is located at 2001 Bristol Road in Laredo. The property is located within the city limits of Laredo, which is approximately 170 miles west of San Antonio (the closest major city in the State of Texas) and enjoys being strategically positioned just a few miles east of the country of Mexico. This complex is located in an area that is a mix of mostly single family and mobile home lots. It is one of the first residential neighborhoods off FM 1472, locally known as Mines Road. Mines Road has a lot of warehousing and transportation-type usage along this road, bringing heavy truck traffic to the neighborhood.
110 Units at Dellwood Apartments
63,530 SF NRA
6.32 Acres Acreage & Density
Average unit size is 578 SF
0% Occupancy
Single-story buildings on concrete foundation and pitched roof system
Laredo is the only U.S./Mexico border city strategically positioned at the convergence of all land transportation systems.
