bedrooms
0
bathrooms
0
square feet
3,640
Acreage
0.2194
Open Houses
-
year built
2007
Full Baths
0
Half Baths
0
Solid investment w/proven income potential & room for growth located in a highly desirable area walking distance from Jensen Elementary. 4 - 2 bed 2 bath units ideal to add to an investment portfolio or perfect a first-time investment. 100% occupied, solid long-term tenants who have been in place for 5-8 yrs. Potential Rent increases to $950-$975 per mo. totaling $3,600 - $3,850 per mo. starting Oct 2024 when leases become month-to-month. $42,000+ invested in the property. Improvements include: repaired roof 2023, new paint & repairs for the entire 4-plex 23' & new exterior paint 24'. The AC exterior units have been cleaned 23', and the dryer exhaust roof vents have been cleaned. New exterior lights & cameras, adding value for tenants. New thermostats in Apt B & D, new washers & dryers Apt B & D & fully rehabbed Apt D. Current rents: Apt A $850, Apt B $800, Apt C $850 & Apt D $900. Situated on a street lined w/other 4-plexes, as new as 2015, indicating strong demand & profitability.
Location | |
Subdivision | Villa Real Estates |
County | Hidalgo |
Elementary School | Jensen |
Middle School | Sharyland North Junior |
High School | Sharyland Pioneer H.S. |
Open houses
None scheduled.
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Copyright © 2024 Greater McAllen Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Last update: Thursday, November 21 2024 at 4:06 p.m. EST
Kotohomes National
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