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    7006 56 Ln Palmhurst, TX 78573

    For Sale
    $545,000

    Four-unit apartment building, excellent cash flow.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional investment opportunity presents a fully rented four-unit apartment building situated on a 0.25-acre lot in Palmhurst, Texas, though zoned for Sharyland Schools. Built in 2021, this property comprises two buildings, each housing two units, offering immediate cash flow with all units currently leased. The asking price is $545,000, translating to $126.57 per square foot. Each unit boasts desirable features including tile flooring and all appliances. One unit stands out with an added dishwasher, a unique amenity not found in the others. The open floor plans contribute to the overall appeal and livability of the units. This turnkey investment is ideal for both seasoned investors looking to expand their portfolio and newcomers seeking a stable and potentially lucrative entry point into the real estate market. The property's location in Palmhurst, Texas, offers a compelling combination of convenience and growth potential. This is a rare opportunity to acquire a well-maintained, income-generating property with significant upside. The property's address is 7006 N 56th Lane, Mission, TX 78573.

    Property Features for 7006 56 Ln

    General Information

    Property type
    Multifamily properties
    Lot Size
    10,890 SF

    Building Details

    Year Built
    2021
    Buildings
    2
    Units
    4

    HighLights

    • Four‑unit apartment building in Palmhurst, TX, zoned for Sharyland Schools.
    • Built in 2021, on a 0.25‑acre lot.
    • Fully rented, offering immediate cash flow.
    • Asking price: $545,000 ($126.57/SF).
    • Each unit features tile flooring and appliances; one unit includes a dishwasher.
    • Open floor plans.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Map

    City
    Palmhurst
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.271479
    Latitude
    26.2725493

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    FAQs

    What type of property is this?
    Multifamily property - Four-unit apartment building, excellent cash flow.
    Where is this multifamily property located?
    The property is located at 7006 56 Ln Palmhurst, TX.
    What is the asking price?
    The asking price for this property is $545,000.
    What are key features of this property?
    This property features: Four-unit apartment building in Palmhurst, TX, zoned for Sharyland Schools.; Built in 2021, on a 0.25-acre lot.; Fully rented, offering immediate cash flow.
    Request Owner's contact information
    7006 56 Ln Palmhurst, TX 78573
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    Palmhurst, TX 78573
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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
    7006 56 Ln Palmhurst, TX 78573
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