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Property summary
This exceptional multi-use property, located at 4245 Southmost Rd., Brownsville, TX 78521, presents a unique investment opportunity. Built in 1995, the two-story building boasts a total of 5,000 square feet and is currently configured to generate rental income. The upper floor comprises three apartments, each featuring two bedrooms and one bathroom. These units have been recently refurbished and are in like-new condition. On the ground floor, there is a one-bedroom apartment and a substantial 1600 square foot space ideal for a variety of uses, including office space, retail, or event venue. The versatility of this space allows for significant adaptability to meet diverse business needs or expansion opportunities. The property is situated in Cameron County, Texas, offering convenient access to local amenities and transportation networks. The asking price for this turnkey investment is $750,000, with owner financing available with a $200,000 down payment. This presents a compelling opportunity for investors seeking a strong return on investment in a thriving Texas market. The property's recent refurbishment minimizes immediate capital expenditure needs, allowing for a rapid return on investment.
Property profile
VerifiedCap rate & NOI
Current use
-
Event Planning
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Brownsville market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
C · Brownsville, TXZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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The district profile from the municipal source: what is on file for C in Brownsville, TX.
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