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    Apartment buildings

    225-233 4Th St, La Joya, TX 78560

    Built 1985
    Property ID
    Property summary
    AI-generated overview

    This exceptional multifamily investment opportunity in La Joya, Texas, presents a compelling chance to acquire a six-unit apartment building situated on a substantial 19,185.13 square foot lot. Built in 1985, the property comprises six individual buildings, each housing a single apartment unit. The asking price is $520,000. While five units are ready for immediate occupancy, one unit requires interior renovations, offering a savvy investor the chance to increase property value through strategic improvements and customization. This presents a unique opportunity to boost rental income and overall return on investment. The property's location in the heart of La Joya provides convenient access to local amenities and a thriving community. This listing encompasses three combined properties (MLS# 450205, MLS# 450231, MLS# 450239), which are also available for individual purchase. The property's size and layout make it ideal for both investors seeking to expand their portfolio and owner-occupants looking to generate rental income while enjoying the convenience of on-site living. This is a rare opportunity to acquire a multifamily property in a growing Texas market. The property is located at 225-233 W 4th Street, La Joya, TX 78560.

    Property profile
    Verified
    Property type Apartment buildings
    Year built 1985
    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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