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    618 Van Buren Ave Harlingen, TX 78550

    For Sale
    $259,900

    Historic building, 12-16 unit potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional investment opportunity presents a remarkable chance to acquire a three-story building situated at 618 Van Buren Ave., Harlingen, TX 78550. Originally constructed in 1931, this special purpose property offers significant potential for redevelopment into a multi-family residential complex, ideal for apartments, Airbnbs, or corporate housing. Detailed design plans are available, outlining layouts for 12 to 16 individual units, complete with a dedicated laundry facility. The property benefits from a recently installed roof (2022), ensuring long-term structural integrity and minimizing immediate maintenance needs. Adding to the value proposition, the sale includes the adjacent lot at 614 E. Van Buren Ave., providing ample space for expansion or additional development. Located in Cameron County, this property presents a unique chance to capitalize on the growing demand for rental housing in Harlingen, Texas. The asking price for this combined property is $259,900. This is a turnkey opportunity for an investor seeking a high-return project with significant upside potential. Don't miss this chance to transform a historic building into a thriving income-generating asset.

    Property Features for 618 Van Buren Ave

    General Information

    Property type
    Specialty properties

    Building Details

    Year Built
    1931

    HighLights

    • Asking Price: $259,900
    • Property Type: Special Purpose, suitable for conversion to multifamily (12‑16 units) or other uses such as AirBnBs or corporate housing.
    • Year Built: 1931, with a new roof installed in 2022.
    • Includes two adjacent lots: 618 and 614 Van Buren Ave., Harlingen, TX 78550.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mike's Plumbing Electrical ... Plumber

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Harlingen
    County
    CAMERON
    State
    Texas
    Longitude
    -97.6893556
    Latitude
    26.1914109

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    FAQs

    What type of property is this?
    Specialty property - Historic building, 12-16 unit potential.
    Where is this specialty property located?
    The property is located at 618 Van Buren Ave Harlingen, TX.
    What is the asking price?
    The asking price for this property is $259,900.
    What are key features of this property?
    This property features: Asking Price: $259,900; Property Type: Special Purpose, suitable for conversion to multifamily (12-16 units) or other uses such as AirBnBs or corporate housing.; Year Built: 1931, with a new roof installed in 2022.
    Request Owner's contact information
    618 Van Buren Ave Harlingen, TX 78550
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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
    618 Van Buren Ave Harlingen, TX 78550
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