923 Washington Ave Brownsville, TX 78520
This exceptional investment opportunity presents a 3,140 square foot mixed-use property situated on a 0.07-acre lot in the vibrant heart of downtown Brownsville, Texas. The building enjoys high pedestrian traffic and visibility, offering a compelling blend of commercial and residential income streams. The ground floor features two retail storefronts, ideal for a variety of businesses, capitalizing on the bustling downtown activity. Upstairs, flexible office space is perfect for professional services or adaptable to various needs. Adding to the property's strong financial performance are four currently rented two-bedroom, one-bathroom apartments, providing a consistent and reliable rental income. The property's prime location offers easy access to local restaurants, businesses, and entertainment venues, ensuring high demand for both retail and residential spaces. This is a rare chance to acquire a well-established, income-producing asset in a thriving Texas city. The asking price for this turnkey investment is $1,000,000. This property is a unique opportunity for investors seeking a diversified portfolio or owner-users looking for a combined commercial and residential space. The existing tenants and strong location provide immediate cash flow and long-term growth potential. Don't miss this chance to own a piece of downtown Brownsville.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.