Current Use by Public Records
- Apartment buildings
Property Details for 601 Ricky Crossland Ave
- Year built
- 1994
- Lot size
- 0.23 lot acres
- Property type
- Apartment buildings
- Property subtype
- Small apartment buildings
Description
This exceptional investment opportunity presents a three-unit apartment building ideally situated in Elsa, Texas, at 601 E Ricky Crossland Avenue, zip code 78543. Built in 1994, this property boasts two single-story buildings situated on a 0.234-acre lot, providing ample space and parking for residents. The property features a total of four parking spaces. Each of the three units benefits from its own separate electricity meter, ensuring efficient utility management. All units share a single water meter. Currently operating at 100% occupancy, the property generates a monthly rental income of $2,265. This translates to a strong return on investment. The property's prime location offers convenient access to local amenities, being just one block away from a HEB grocery store and various restaurants. Seller financing is available with attractive terms: 20% down payment, 10% interest rate, and a loan term of up to 20 years, resulting in monthly payments of $1,399.28 (excluding taxes and insurance). This turnkey investment is ready for immediate income generation. The property's size is not specified in the provided information.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Elsa
- County
- Hidalgo county
- State
- Texas
- Longitude
- -97.985
- Latitude
- 26.2949
