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    283 Nicolas Lopez St Rio Grande City, TX 78582

    For Sale
    $80,000

    Two-unit duplex, prime location, high ROI.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional investment opportunity presents a two-unit duplex ideally situated in the rapidly expanding Rio Grande City, Texas. Located just one block from Highway 83, this property boasts unparalleled convenience and accessibility. Built in 2001, the single building sits on a generous 5,249.85 square foot lot. Each of the two identical units offers two bedrooms and one bathroom, providing comfortable and functional living spaces for tenants. The property's strategic location and the strong rental demand in the area make it an attractive prospect for investors seeking a stable and profitable income stream. The asking price of $80,000 represents a compelling value for a turnkey investment property in a thriving market. This duplex presents a rare chance to acquire a well-maintained, income-producing asset in a high-growth region of the Rio Grande Valley. The identical unit layouts simplify management and maintenance, further enhancing the property's appeal to discerning investors. Don't miss this chance to secure a piece of the Rio Grande Valley's burgeoning real estate market. This property is priced to sell quickly.

    Property Features for 283 Nicolas Lopez St

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    2001
    Buildings
    1
    Units
    2

    HighLights

    • $80,000 asking price.
    • Multifamily property, specifically a duplex, with two units.
    • Built in 2001, situated on a 5,249.85 sq ft lot.
    • Located in Alto Bonito, TX, near Highway 83.
    • Each unit features two bedrooms and one bathroom.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Map

    City
    Rio Grande City
    County
    Starr
    State
    Texas
    Longitude
    -98.6641191
    Latitude
    26.3150931

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    FAQs

    What type of property is this?
    Multifamily property - Two-unit duplex, prime location, high ROI.
    Where is this multifamily property located?
    The property is located at 283 Nicolas Lopez St Rio Grande City, TX.
    What is the asking price?
    The asking price for this property is $80,000.
    What are key features of this property?
    This property features: $80,000 asking price.; Multifamily property, specifically a duplex, with two units.; Built in 2001, situated on a 5,249.85 sq ft lot.
    Request Owner's contact information
    283 Nicolas Lopez St Rio Grande City, TX 78582
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    Rio Grande City, TX 78582
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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
    283 Nicolas Lopez St Rio Grande City, TX 78582
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