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Property profile & analytics
OFF-MARKET
Apartment buildings

19310 Mile 6 Elsa, TX 78543

Built 1995
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Apartment buildings
Year built 1995
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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