625 Loop 499 E Harlingen, TX 78550
- Small apartment buildings
- 1.00 lot acres
Current Use by Public Records
- Krystal's Korner / Apartment Complex
Property Details for 625 Loop 499 E
- Year built
- 2022
- Lot size
- 1.00 lot acres
- Property type
- Small apartment buildings
Description
This exceptional 8-unit apartment building, constructed in 2022, presents a compelling investment opportunity in Harlingen, Texas. Located at 625 Loop 499, this property boasts a prime location near Valley International Airport and Texas State Technical College (TSTC), ensuring high occupancy rates. The building sits on a spacious one-acre corner lot, offering significant potential for future expansion. Imagine the possibilities – additional multi-family units or even a commercial plaza could be developed on this expansive land. Currently, seven of the eight units are leased, generating immediate cash flow. Each unit is a one-bedroom, one-bathroom apartment, equipped with a tankless water heater and convenient washer/dryer hookups. Individual electric meters and a single water meter simplify utility management. The asking price is $765,000, representing a strong return on investment in a thriving Texas market. This property is a turnkey operation, ideal for both seasoned investors and those seeking a stable, income-producing asset. The strategic location and modern construction combine to create a truly exceptional investment opportunity. Don't miss out on this chance to acquire a high-demand multifamily property in a rapidly growing area.
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
- Harlingen
- County
- Cameron
- State
- Texas
- Longitude
- -97.6632023
- Latitude
- 26.2097876
