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    2429 Smt Rd La Feria, TX 78559

    For Sale
    $272,900

    Brand new duplex, two units, high-end finishes.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional, newly constructed duplex in La Feria, Texas, presents a compelling investment opportunity. Located at 2429 Summit Road, this property boasts two identical units, each spanning 965 square feet. Built in 2024, the duplex sits on a generous 5,580 square foot lot and offers a modern aesthetic throughout. Each unit features two spacious bedrooms and two bathrooms, ensuring comfortable living for residents. High-quality finishes are evident in the exquisite quartz countertops and durable wood-look porcelain tile found throughout. Energy efficiency is prioritized with the inclusion of tankless water heaters in each unit, providing endless hot water while reducing utility costs. All kitchen appliances are included, adding to the convenience and appeal of these units. Adding to the privacy and appeal, each unit enjoys its own fully fenced backyard. This turnkey property is ideal for investors seeking a strong return on investment in a desirable location. The property's location in Cameron County, Texas, zip code 78559, offers easy access to local amenities and services. This duplex represents a rare opportunity to acquire a brand-new, high-quality multifamily property in a growing market. Don't miss this chance to add this exceptional asset to your portfolio.

    Property Features for 2429 Smt Rd

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    2024
    Buildings
    1
    Units
    2
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Map

    City
    La Feria
    County
    Cameron
    State
    Texas
    Longitude
    -97.8448562
    Latitude
    26.1753278

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    FAQs

    What type of property is this?
    Multifamily property - Brand new duplex, two units, high-end finishes.
    Where is this multifamily property located?
    The property is located at 2429 Smt Rd La Feria, TX.
    What is the asking price?
    The asking price for this property is $272,900.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2429 Smt Rd La Feria, TX 78559
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