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Listed by GRT Realty
$ 599,000
Est. payment /mo
Active
1380 Milpa Verde Brownsville, TX 78521
9,750 SqFt
UPDATED:
Key Details
Property Type Other Types
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 9,750 sqft
Price per Sqft $61
Subdivision Unsubdivided
MLS Listing ID 29777200
Year Built 1970
Lot Size 2.500 Acres
Property Sub-Type Apartment
Property Description
Exceptional value-add investment opportunity featuring a 17-unit multifamily property situated on approximately 2.5 acres, offering both immediate income potential and long-term upside. Several occupied units are currently rented below market rent, providing investors with the opportunity to increase cash flow through strategic rent adjustments as leases turn over. The property also includes 6 vacant units, creating an excellent opportunity for renovations to further enhance returns. With its expansive 2.5-acre site, there may be additional potential for future expansion or redevelopment, subject to buyer due diligence and any applicable local regulations. Whether you're looking to grow your portfolio, reposition an underperforming asset, or capitalize on the property's excess land, this is a rare chance to acquire a multifamily investment with multiple avenues for value creation. Don't miss the opportunity to unlock the full potential of this unique income-producing property.
Location
State TX
County Cameron
Area 9750
Interior
Interior Features None
Appliance Electric Water Heater
Exterior
Exterior Feature None
Parking Features 4 or More Car Garage
Garage Spaces 30.0
Garage Yes
Building
Lot Description None
Story One
Foundation Slab
Water Public
Schools
Elementary Schools Garza
Middle Schools Besteiro
High Schools Lopez
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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