Property summary
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
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Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
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