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    212 2Nd St La Joya, TX 78560

    For Sale
    $285,000

    Four-unit apartment building, high rental potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional investment opportunity presents a four-unit apartment building situated on a sizable 6,899 square foot lot in La Joya, Texas. The property, located at 212 2nd Street, 78560, boasts two buildings constructed in 1992. The complex comprises four units, each offering two bedrooms and one bathroom. These spacious units are currently renting below market value, presenting a significant opportunity for immediate cash flow increase and long-term appreciation. The property's convenient location near major highways and highly-rated schools enhances its appeal to tenants, ensuring consistent occupancy. This brick fourplex is an ideal investment for those seeking a stable, income-generating asset in a desirable Texas location. The property's current rental rates offer immediate upside potential, making it an attractive option for both seasoned and novice investors. The two-building structure provides flexibility and potential for future expansion or renovation. Don't miss this chance to acquire a well-maintained, high-potential multifamily property in a thriving market. The asking price is $285,000.

    Property Features for 212 2Nd St

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1992
    Buildings
    2
    Units
    4

    HighLights

    • $285,000 asking price.
    • Four‑unit multifamily apartment building.
    • Two buildings on a 6,899 sq ft lot.
    • Built in 1992.
    • Located at 212 2nd Street, La Joya, TX 78560.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop 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
    -98.4821388
    Latitude
    26.2468801

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    FAQs

    What type of property is this?
    Multifamily property - Four-unit apartment building, high rental potential.
    Where is this multifamily property located?
    The property is located at 212 2Nd St La Joya, TX.
    What is the asking price?
    The asking price for this property is $285,000.
    What are key features of this property?
    This property features: $285,000 asking price.; Four-unit multifamily apartment building.; Two buildings on a 6,899 sq ft lot.
    Request Owner's contact information
    212 2Nd 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
    212 2Nd St La Joya, TX 78560
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