Red Ant Dr Progreso, TX 78579
- Apartment buildings
Current Use by Public Records
- Apartment buildings
Property Details for 0 Red Ant Dr
- Year built
- 2012
- Property type
- Apartment buildings
- Property subtype
- Small apartment buildings
Description
This exceptional 9-unit apartment building presents a compelling investment opportunity in the thriving city of Progreso, Texas. Constructed in 2012, this well-maintained property boasts a single building situated on a spacious 20,586.02 square foot lot. The property comprises nine individual units, each featuring two bedrooms and one bathroom, currently generating a consistent rental income of $700 per month. The property's location in the heart of Progreso ensures high occupancy rates and strong rental demand. The building's solid construction and excellent condition minimize potential maintenance costs, maximizing return on investment. This turnkey investment is ideal for both seasoned and aspiring real estate investors seeking a stable and profitable addition to their portfolio. The property's strong cash flow and prime location make it a truly attractive proposition. With its nine units, each generating consistent rental income, this property offers a significant opportunity for passive income generation and long-term capital appreciation. The address is 0 Red Ant Drive, Progreso, TX 78579. The asking price for this exceptional investment property is $650,000.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Progreso
- County
- Hidalgo
- State
- Texas
- Longitude
- -97.9569
- Latitude
- 26.0875
