| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Best |
| Demographics | 70th | Best |
| Amenities | 80th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2720 Camelot, Laredo, TX, 78041, US |
| Region / Metro | Laredo |
| Year of Construction | 2006 |
| Units | 36 |
| Transaction Date | 2017-04-12 |
| Transaction Price | $2,650,000 |
| Buyer | The Maple Camelot, LLC |
| Seller | Joyce Lands, Inc., Corporation, Same, Price/unit and /sf |
2720 Camelot, Laredo TX — 36-Unit Multifamily Investment
Neighborhood occupancy is high and renter demand is supported by solid incomes, according to WDSuite’s CRE market data, positioning this asset for steady operations with measured upside from targeted upgrades.
This Inner Suburb neighborhood in Laredo rates strongly for day-to-day livability and rental fundamentals. It holds the top neighborhood ranking among 63 metro neighborhoods (A+ rating), with neighborhood occupancy around 97% that is above the metro median and historically resilient, based on WDSuite’s CRE market data.
Amenities are competitive versus national peers: restaurants, groceries, parks, pharmacies, and childcare all sit roughly around the 70th–80th national percentiles, and schools average about 4.0 out of 5 (top quartile nationally). For investors, this breadth of convenience supports retention and helps sustain depth in the tenant pipeline.
Tenure patterns indicate a meaningful renter-occupied share in the neighborhood (roughly half of housing units), which points to a broad tenant base for multifamily. Within a 3-mile radius, population and households have grown over the past five years, and projections call for further population growth and an increase in households — factors that typically expand the renter pool and support occupancy stability. Median household incomes are comparatively strong locally, while rents are mid-market, suggesting manageable rent-to-income levels that can aid lease retention.
The property’s 2006 vintage is slightly older than the neighborhood’s average construction year (2009). That gap can translate into targeted value-add opportunities — such as interior refreshes or systems modernization — to sharpen competitive positioning against newer stock while managing capital plans prudently. These fundamentals, combined with balanced amenity access and strong schools, create investor-friendly dynamics for multifamily property research in this pocket of Laredo.
Safety indicators are mixed in a metro and national context. Compared with neighborhoods nationwide, this area sits below midpack on safety percentiles, while its crime rank within the Laredo metro is near the middle of 63 neighborhoods. Notably, both violent and property offense rates have improved on a one-year basis, according to WDSuite’s CRE market data, which is a constructive trend for investor risk assessment.
For investors, the takeaway is to underwrite prudent security measures and tenant screening while recognizing improving momentum. Monitoring neighborhood-level trends and continuing declines will be important to support leasing stability and reputation over the hold period.
- BorgWarner — automotive components (3.2 miles)
This 36-unit asset benefits from neighborhood fundamentals that are favorable for long-term operations: high occupancy at the neighborhood level, a sizable renter-occupied housing share, and 3-mile demographics showing population and household growth — all supportive of a broader tenant base and steady leasing. According to CRE market data from WDSuite, local incomes are strong relative to rents, pointing to manageable affordability pressure and potential for disciplined rent optimization rather than reliance on aggressive rent jumps.
Built in 2006, the property is slightly older than the neighborhood’s average vintage, creating a clear value-add angle through selective renovations and systems updates to compete with newer stock. The ownership market is relatively high-cost locally, which can reinforce reliance on multifamily rentals and support retention; however, investors should balance this with standard concessions planning and continued attention to safety trends that are improving but remain a watch item.
- Neighborhood occupancy strong and above metro median, supporting steady leasing
- 3-mile population and household growth expands the tenant base and supports occupancy
- Income-to-rent balance suggests retention potential with disciplined pricing
- 2006 vintage offers targeted value-add via interior refresh and modernization
- Risks: safety metrics below national averages and competition from newer stock—underwrite security and capex prudently