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    225-233 4Th St La Joya, TX 78560

    For Sale
    $520,000

    Six-unit apartment building, high rental potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional multifamily investment opportunity in La Joya, Texas, presents a compelling chance to acquire a six-unit apartment building situated on a substantial 19,185.13 square foot lot. Built in 1985, the property comprises six individual buildings, each housing a single apartment unit. The asking price is $520,000. While five units are ready for immediate occupancy, one unit requires interior renovations, offering a savvy investor the chance to increase property value through strategic improvements and customization. This presents a unique opportunity to boost rental income and overall return on investment. The property's location in the heart of La Joya provides convenient access to local amenities and a thriving community. This listing encompasses three combined properties (MLS# 450205, MLS# 450231, MLS# 450239), which are also available for individual purchase. The property's size and layout make it ideal for both investors seeking to expand their portfolio and owner-occupants looking to generate rental income while enjoying the convenience of on-site living. This is a rare opportunity to acquire a multifamily property in a growing Texas market. The property is located at 225-233 W 4th Street, La Joya, TX 78560.

    Property Features for 225-233 4Th St

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1985
    Buildings
    6
    Units
    6

    HighLights

    • Six‑unit apartment building in La Joya, TX on a 19,185.13 sq ft lot.
    • Asking price: $520,000.
    • Five units currently occupied, one unit needs interior renovations.
    • Located at 225‑233 W 4th Street, La Joya, TX 78560.
    • Comprises three combined properties (MLS# 450205, MLS# 450231, MLS# 450239), also available individually.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    La Joya
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.4831533
    Latitude
    26.2446915

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    FAQs

    What type of property is this?
    Multifamily property - Six-unit apartment building, high rental potential
    Where is this multifamily property located?
    The property is located at 225-233 4Th St La Joya, TX.
    What is the asking price?
    The asking price for this property is $520,000.
    What are key features of this property?
    This property features: Six-unit apartment building in La Joya, TX on a 19,185.13 sq ft lot.; Asking price: $520,000.; Five units currently occupied, one unit needs interior renovations.
    Request Owner's contact information
    225-233 4Th St La Joya, TX 78560
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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
    225-233 4Th St La Joya, TX 78560
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