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    Apartment buildings

    212 Alex Ave, La Joya, TX 78560

    Built 2022
    Property ID
    Property summary
    AI-generated overview

    This exceptional 8-unit apartment building presents a compelling investment opportunity in the thriving city of La Joya, Texas. Constructed in 2022, this property boasts a prime location on a 0.42-acre lot (18,195 sq ft) at 212 S Alex Avenue, zip code 78560, Hidalgo County. The single building complex offers a fully covered parking area for resident convenience. Each of the eight units features central air conditioning and in-unit washer/dryer connections, enhancing tenant appeal and satisfaction. La Joya's robust population growth and increasing demand for rental properties create a stable and promising market for this asset. The property's high occupancy rate and consistent income stream make it an ideal addition to any investment portfolio, offering excellent potential for long-term growth and diversification. This turnkey investment is ready for immediate income generation, providing a strong return on investment in a rapidly developing area of the Rio Grande Valley. The property's modern construction and desirable amenities ensure continued high occupancy and rental income. This is a rare opportunity to acquire a well-maintained, income-producing multifamily property in a high-growth market. The asking price is $1,150,000.

    Property profile
    Verified
    Property type Apartment buildings
    Year built 2022
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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