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Red Ant Dr Progreso, TX 78579

For Sale
$650,000

Nine-unit apartment building in Progreso, TX.

Description

Added:
Dec 11, 2024
Days on Market:
364
This exceptional 9-unit apartment building presents a compelling investment opportunity in the thriving city of Progreso, Texas. Constructed in 2012, this well-maintained property boasts a single building situated on a spacious 20,586.02 square foot lot. The property comprises nine individual units, each featuring two bedrooms and one bathroom, currently generating a consistent rental income of $700 per month. The property's location in the heart of Progreso ensures high occupancy rates and strong rental demand. The building's solid construction and excellent condition minimize potential maintenance costs, maximizing return on investment. This turnkey investment is ideal for both seasoned and aspiring real estate investors seeking a stable and profitable addition to their portfolio. The property's strong cash flow and prime location make it a truly attractive proposition. With its nine units, each generating consistent rental income, this property offers a significant opportunity for passive income generation and long-term capital appreciation. The address is 0 Red Ant Drive, Progreso, TX 78579. The asking price for this exceptional investment property is $650,000.

Property Features for 0 Red Ant Dr

General Information

Property type
Multifamily properties

Building Details

Year Built
2012
Buildings
1
Units
9

HighLights

  • $650,000 asking price for a 9‑unit apartment building.
  • Multifamily property, specifically a 9‑unit apartment building (duplex/triplex/quadruplex).
  • Nine units, each with two bedrooms and one bathroom, currently renting for $700/month.
  • Built in 2012, single building on a 20,586 sq ft lot.
  • Located at 0 Red Ant Drive, Progreso, TX 78579, in Hidalgo County.
Property Profile Location Intelligence

Current Use by Public Records

Small apartment buildings

Map

City
Progreso
County
Hidalgo
State
Texas
Longitude
-97.9569011
Latitude
26.0874839

FAQs

What type of property is this?
Multifamily property - Nine-unit apartment building in Progreso, TX.
Where is this multifamily property located?
The property is located at Red Ant Dr Progreso, TX.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: $650,000 asking price for a 9-unit apartment building.; Multifamily property, specifically a 9-unit apartment building (duplex/triplex/quadruplex).; Nine units, each with two bedrooms and one bathroom, currently renting for $700/month.
More about this property
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