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    2615 32Nd St Brownsville, TX 78521

    For Sale
    $289,900

    Four-unit apartment building, excellent income potential.

    Property size:
    2,360 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This renovated four-unit apartment building in Brownsville, Texas, presents a compelling investment opportunity. Located at 2615 E 32nd Street, 78521, this property boasts a total of 2,360 square feet situated on a 5,249.85 square foot lot. Built in 2000, the single-building complex comprises four units, offering a mix of layouts to cater to diverse tenant needs. Two ground-floor units feature two bedrooms and two bathrooms each, while the remaining two units on the second floor each offer two bedrooms and one bathroom. All units are equipped with appliances, enhancing their appeal to potential renters. The property's strategic location offers convenient access to the University of Texas Rio Grande Valley (UTRGV) and the Tomates International crossing to Mexico, making it highly attractive for long-term tenants. Alley access off East Avenue provides ample off-street parking for residents. The asking price for this income-producing property is $289,900. This represents a strong potential for consistent rental income and long-term appreciation. The property's features and location combine to create a desirable investment opportunity in a growing market. Don't miss the chance to secure this promising addition to your investment portfolio.

    Property Features for 2615 32Nd St

    General Information

    Property type
    Multifamily properties
    Square Feet
    2,360 SF

    Building Details

    Year Built
    2000
    Buildings
    1
    Units
    4

    HighLights

    • $289,900 asking price for a four‑unit apartment building.
    • 2,360 square feet on a 5,249 square foot lot.
    • Four units total; two 2 bed/2 bath units and two 2 bed/1 bath units.
    • Built in 2000, located in Brownsville, TX, near UTRGV and the Tomates International crossing.
    • All units include appliances and have alley access for ample parking.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Law Firm Restaurant Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Brownsville
    County
    Cameron
    State
    Texas
    Longitude
    -97.4611884
    Latitude
    25.8977889

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    FAQs

    What type of property is this?
    Multifamily property - Four-unit apartment building, excellent income potential.
    Where is this multifamily property located?
    The property is located at 2615 32Nd St Brownsville, TX.
    What is the asking price?
    The asking price for this property is $289,900.
    What are key features of this property?
    This property features: $289,900 asking price for a four-unit apartment building.; 2,360 square feet on a 5,249 square foot lot.; Four units total; two 2 bed/2 bath units and two 2 bed/1 bath units.
    Request Owner's contact information
    2615 32Nd St Brownsville, TX 78521
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    Brownsville, TX 78521
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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
    2615 32Nd St Brownsville, TX 78521
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