200 Juarez St Rio Grande City, TX 78582

Property Details for 200 Juarez St

Year built

1975

Property size

2,808 SF

Property type

Commercial real estate

Description

This exceptional commercial land opportunity in Rio Grande City, Texas, presents a compelling investment prospect. Located at 200 N Juarez Street, this 5,083 square foot lot boasts a prime corner location, offering excellent visibility and accessibility. The property, built in 1975, currently features a four-unit apartment complex, each unit containing two bedrooms and one bathroom. Three of the four units include individual carports, while one unit shares a carport. The property generates consistent rental income, with one unit currently leased at $600 per month and the remaining three units leased at $550 per month. All units are currently occupied, providing immediate cash flow. The property's proximity to schools, local stores, and the downtown area enhances its appeal and potential for future growth. This is an ideal investment for both seasoned and new investors seeking a strong return in a thriving Texas market. The asking price for this exceptional property is $220,000. The total square footage of the building is 2,808 square feet. This property is situated in Starr County, Texas, with a zip code of 78582. The property's location offers convenient access to local amenities and key transportation routes. This is a rare opportunity to acquire a well-situated commercial property with proven rental income in a growing Texas market.