Current Use by Public Records
- Apartment buildings
Property Details for 19310 Mile 6
- Year built
- 1995
- Property type
- Apartment buildings
- Property subtype
- Small apartment buildings
Description
This exceptional investment opportunity presents a three-unit triplex situated on a spacious 37,026 square foot lot in Elsa, Texas. Built in 1995, the property boasts a total of approximately 2190 square feet of living space, distributed across three individual units. The property is located at 19310 N Mile 6 W, 78543, in Hidalgo County, offering a tranquil rural setting. Currently, the triplex is partially occupied by long-term tenants, providing a stable income stream and immediate cash flow. The property's substantial lot size offers significant potential for future expansion or development. The existing units present a value-add opportunity, allowing for rental increases and further property improvements to enhance profitability. This is an ideal investment for those seeking a strong return on investment in a desirable location with significant upside potential. The asking price for this multifamily property is $475,000. This represents a compelling opportunity to acquire a well-located, income-generating asset with considerable room for growth. The property's rural setting provides a peaceful environment while still maintaining convenient access to local amenities and transportation routes.
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
- Elsa
- County
- Hidalgo
- State
- Texas
- Longitude
- -97.9824
- Latitude
- 26.2931
