Current Use by Public Records
- Office Spaces
Property Details for 24529 Fm 506
- Year built
- 1957
- Property type
- Office Spaces
Description
This exceptional investment property in La Feria, Texas, presents a unique opportunity to acquire a mixed-use complex. Located at 24529 FM 506, zip code 78559, the property boasts a substantial 2,800 square foot, three-bedroom, two-and-a-half-bathroom main house. A separate building, measuring 54 x 64 feet, houses six one-bedroom apartments, each generously sized at 756 square feet and featuring front and back balconies. The apartments offer views in both northerly and southerly directions. Adding to the property's versatility are ten RV pads situated on the northern two acres, with significant potential for expansion. Constructed in 1957, this property is priced at $685,000 and presents a compelling investment opportunity in the thriving Cameron County market. Importantly, this property is located in a non-flood zone, offering peace of mind to investors. The property's combination of residential and commercial space makes it an attractive option for a variety of investment strategies. The existing infrastructure provides a solid foundation for immediate income generation and future development. This is a rare chance to acquire a well-positioned, multi-faceted property in a growing Texas market.
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
- La Feria
- County
- CAMERON
- State
- Texas
- Longitude
- -97.8239
- Latitude
- 26.2023
