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New
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$1,200,000

For Sale

2 days ago

501 Plaza Dr, Slaton, TX

House

MLS® 202608218

0 Bed

0 Bath

22368 sqft

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  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Commercial Sale
Size 22368 sqft
Garage 
Taxes $1,047
Days Active 2
Lot Size 0.12 Acres
Approx. Age 1966
Avg. Price Per Sqft $53
MLS® Number 202608218

Property Address: 501 Plaza Dr, Slaton, TX, 79364-3649

Average square foot calculated using Size range provided by listing agent.

Description

The Plaza is a 24 unit apartment community made up of 12 one story duplexes. They are all 2 Bed / 1 Bath units, with washer/dryer connections in each unit. They have strong current occupancy and there is room for rent increases. Property manager says they haven't raised rents in 5 years. Rents are about $135 below the 2 bedroom units in the apartment complex nearby. There is also an opportunity to reduce the utility costs and start billing back the water to the residents. The current water bill is about 2 times higher than the expense comps we have for the area. Good operational improvements will drive higher returns for the new owner.
MLS® Number202608218
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1966
Basement
Driveway
Garage Spaces
Heat
A/C

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 16, 2026List Date
$1,200,000List Price
  • Commute

Commute

Starting Address
Destination Address
501 Plaza Dr, Slaton, TX

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