Current Use by Public Records
- Apartment buildings
Property Details for 7006 56 Ln
- Year built
- 2021
- Lot size
- 0.25 lot acres
- Property type
- Apartment buildings
- Property subtype
- Small apartment buildings
Description
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.
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
- Palmhurst
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.2715
- Latitude
- 26.2725
