Current Use by Public Records
- Apartment buildings
Property Details for 3803 Clavel St
- Year built
- 1999
- Property type
- Apartment buildings
Description
This exceptional 8-unit apartment building, constructed in 1999, presents a compelling investment opportunity in Palmview, Texas. Located at 3803 Clavel Street, 78572, this property sits on a sizable 11,661.01 square foot lot. The building comprises eight 2-bedroom, 1-bathroom units, each featuring all-wood cabinetry and tile flooring throughout. Separate living and dining areas add to the appeal, and kitchen appliances are included. Each unit boasts two designated parking spaces for resident convenience. Currently, all units are leased, providing immediate cash flow, with potential for rental increases upon lease renewal. Tenants are responsible for their own electricity and water; individual water meters are installed for each unit. The owner's responsibilities are limited to landscaping and dumpster fees, minimizing operational overhead. The property's advantageous location near excellent schools and the expressway ensures high occupancy rates and ease of commuting for residents. This turnkey investment is zoned for multifamily use and offers a strong return on investment. The property's size and location make it an ideal addition to any portfolio. Don't miss this chance to acquire a well-maintained, income-producing asset in a desirable Texas market.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Palmview
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.4108
- Latitude
- 26.2372
