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    OFF-MARKET
    Small apartment buildings

    212 2Nd St, La Joya, TX 78560

    Built 1992
    Property ID
    US82-2865289
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a four-unit apartment building situated on a sizable 6,899 square foot lot in La Joya, Texas. The property, located at 212 2nd Street, 78560, boasts two buildings constructed in 1992. The complex comprises four units, each offering two bedrooms and one bathroom. These spacious units are currently renting below market value, presenting a significant opportunity for immediate cash flow increase and long-term appreciation. The property's convenient location near major highways and highly-rated schools enhances its appeal to tenants, ensuring consistent occupancy. This brick fourplex is an ideal investment for those seeking a stable, income-generating asset in a desirable Texas location. The property's current rental rates offer immediate upside potential, making it an attractive option for both seasoned and novice investors. The two-building structure provides flexibility and potential for future expansion or renovation. Don't miss this chance to acquire a well-maintained, high-potential multifamily property in a thriving market. The asking price is $285,000.

    Property profile
    Verified
    Property type Small apartment buildings
    Year built 1992
    UPID US82-2865289
    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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