18202 Washington Palm Dr Penitas, TX 78576
- Apartment buildings
- 4,536 SF
- 0.50 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 18202 Washington Palm Dr
- Year built
- 2004
- Lot size
- 0.50 lot acres
- Property size
- 4,536 SF
- Zone code
- RS
- Property type
- Apartment buildings
- APN
- P9279-01-000-0080-00
- APU
- P927901000008000
Description
This exceptional investment opportunity presents a well-maintained six-unit apartment building located at 18202 Washington Palm Drive, Penitas, Texas, 78576. Built in 2004, this property sits on a substantial 21,783.92 square foot lot. The single building comprises six individual apartment units, currently boasting 100% occupancy and generating a stable monthly income of $4,500. The property benefits from a recently replaced roof, installed less than a year ago, minimizing immediate maintenance concerns. This turnkey investment is ideally situated in the thriving city of Penitas, Texas, offering significant potential for future growth and appreciation. The property's strong cash flow and low maintenance requirements make it an attractive option for both seasoned and novice investors seeking a reliable and profitable addition to their portfolio. The property's location in Hidalgo County provides easy access to local amenities and transportation networks. This is a rare opportunity to acquire a fully occupied, income-generating multifamily property in a rapidly developing area. Serious inquiries are encouraged to explore this promising investment prospect further.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Penitas
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.4432
- Latitude
- 26.338
- CBSA code
- 32580
- CBSA name
- MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA
