212 2Nd St La Joya, TX 78560
- Small apartment buildings
Current Use by Public Records
- Small apartment buildings
Property Details for 212 2Nd St
- Year built
- 1992
- Property type
- Small apartment buildings
Description
This exceptional investment opportunity presents a four-unit apartment building situated on a sizable 6,899 square foot lot in La Joya, Texas. The property, located at 212 2nd Street, 78560, boasts two buildings constructed in 1992. The complex comprises four units, each offering two bedrooms and one bathroom. These spacious units are currently renting below market value, presenting a significant opportunity for immediate cash flow increase and long-term appreciation. The property's convenient location near major highways and highly-rated schools enhances its appeal to tenants, ensuring consistent occupancy. This brick fourplex is an ideal investment for those seeking a stable, income-generating asset in a desirable Texas location. The property's current rental rates offer immediate upside potential, making it an attractive option for both seasoned and novice investors. The two-building structure provides flexibility and potential for future expansion or renovation. Don't miss this chance to acquire a well-maintained, high-potential multifamily property in a thriving market. The asking price is $285,000.
Value Estimation
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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 Joya
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.4821388
- Latitude
- 26.2468801
