Description
These days, it is hard to find an income-producing 4plex in the Rio Grande Valley for under $400,000. How about 3 of them? This 12 unit apartment complex is essentially 3 fourplexes on a single lot. Rents range from $750-$825/unit. One lease is currently month to month and nine of the remaining eleven leases all expire in the first half of 2023 - leaving opportunity to sign new leases at the top of the market. This property is professionally managed. If you are looking for even more units in the Rio Grande Valley, the seller owns a 20 unit in Weslaco and a 54 unit in McAllen that he would also consider selling. Bring all offers. We make deals happen.
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0BEDS
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0.7ACRES
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0BATHS
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01/2 BATHS
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10,920SQFT
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$96$/SQFT
School Information
Description
These days, it is hard to find an income-producing 4plex in the Rio Grande Valley for under $400,000. How about 3 of them? This 12 unit apartment complex is essentially 3 fourplexes on a single lot. Rents range from $750-$825/unit. One lease is currently month to month and nine of the remaining eleven leases all expire in the first half of 2023 - leaving opportunity to sign new leases at the top of the market. This property is professionally managed. If you are looking for even more units in the Rio Grande Valley, the seller owns a 20 unit in Weslaco and a 54 unit in McAllen that he would also consider selling. Bring all offers. We make deals happen.
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or eReal Estate Depot. Data last updated: 2023-03-31T00:16:48.99.